Oman · OMR · February 2021

Gold Price in Oman — February 2021

In February 2021, the gold price in Oman closed at approximately ر.ع.677 per troy ounce, equivalent to ر.ع.254 per tola or ر.ع.22 per gram. This represents a -5.53% change on the month (ر.ع.716 open → ر.ع.677 close).

-5.53% on the month

Open

ر.ع.716

per troy ounce

ر.ع.677

per troy ounce

High

ر.ع.716

per troy ounce

Low

ر.ع.670

per troy ounce

All unit prices at February 2021 close — Oman

Unit	Weight	Closing OMR price	USD reference
Troy ounce	31.1035 g	ر.ع.677	$1,759.95
Gram	1.0000 g	ر.ع.22	$56.58
10 grams	10 g	ر.ع.218	$565.84
Kilogram	1,000 g	ر.ع.21,756	$56,583.66
Tola	11.664 g	ر.ع.254	$659.99

OMR prices computed from XAU/USD ($1,759.95/oz close) × 2021-end OMR/USD rate (0.3845). Pure metal value only — excludes local taxes and dealer making charges.

Karat-purity breakdown at February 2021 close

Karat	Per gram	Per tola	Standard
24K	ر.ع.22	ر.ع.254	99.9% pure (investment grade)
22K	ر.ع.20	ر.ع.232	91.6% pure (Indian / Pakistani jewellery standard)
21KOMAN STD	ر.ع.19	ر.ع.222	87.5% pure (Gulf jewellery standard)
18K	ر.ع.16	ر.ع.190	75.0% pure (European jewellery standard)
14K	ر.ع.13	ر.ع.148	58.5% pure (US jewellery standard)
10K	ر.ع.9	ر.ع.106	41.7% pure (US lower jewellery grade)

Daily gold price in OMR — February 2021

24 trading days

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February 2021 gold market: Surging bond yields hit gold

Bearish

A bond-market tantrum drove real yields and gold's opportunity cost higher.

Gold fell to around $1,730 in February as a sharp 'bond tantrum' pushed US 10-year Treasury yields up toward 1.5%. Rising real yields raised the opportunity cost of holding non-yielding gold even as the economic outlook brightened.

What drove gold in February 2021

10-year yield surging toward 1.5%
reflation and stimulus expectations
rising real yields
ETF outflows

Themes#rising yields#bond tantrum#opportunity cost

Key events in February 2021

Feb 25Bond selloff accelerates; gold drops with bullion ETFs

What happened next

The yield spike peaked in March, after which gold found a floor.

For gold buyers in Oman

February showed gold's sensitivity to real yields — a brighter economy plus rising rates is the metal's least favourable backdrop.

The 2021 gold market: Consolidation below 2020 highs

Gold traded mostly sideways in 2021 between $1,680 and $1,950 as the Fed signaled coming tightening. Cryptocurrency mania peaked in November. Inflation began running above target. Year close: $1,829.

Key drivers in 2021

Crypto-boom drawing capital, Fed taper announcement, inflation rising, equity rally

2021 XAU/USD high

$1,945 (Jun)

2021 XAU/USD low

$1,676 (Mar)

Era context — The modern bull market (2019 to today)

Gold's second major bull market of the 21st century. Driven by COVID stimulus, Russia sanctions, central-bank accumulation at record levels, and the structural shift toward a multi-polar reserve system. New all-time highs reached repeatedly since 2020.

The Oman gold market

Oman's retail gold market is concentrated in Muscat and quotes per gram in 21K (jewellery) and 24K (investment bars). Oman applies a 5% VAT regime introduced in 2021.

Standard quote unit

gram

Common purity

21K

Currency

OMR (ر.ع.)

Daily gold price — February 2021, Oman

Previous month February 2021 (USD)Next month

How Oman gold prices are calculated on this page

Source. The international XAU/USD spot price comes from gold-api.com's historical archive (London PM-fix benchmark). The OMR/USD exchange rate comes from exchangerate-api.com's 2021 year-end snapshot.

Conversion. Every OMR figure on this page is computed as XAU/USD price × OMR/USD rate. We use the year-end exchange rate consistently across all February 2021 prices on this page.

Per-unit math. Per-gram = per-ounce ÷ 31.1035. Per-tola = per-gram × 11.664. Per-10g = per-gram × 10. Per-kilo = per-gram × 1000. Karat values multiply per-gram by the purity ratio (24K = 0.999, 22K = 0.916, 21K = 0.875, 18K = 0.750, 14K = 0.585, 10K = 0.417).

What this page does NOT include. Local sales tax / VAT, customs duty on imports, dealer making charges, jewellery design premiums, or coin numismatic premiums. To go from this pure-metal value to a final retail rate in Oman, add the country-specific levies described in the “Omangold market” section above.

FAQ — Oman gold price in February 2021

What was the gold price in Oman in February 2021?

In February 2021, gold in Oman opened at ر.ع.716/oz and closed at ر.ع.677/oz — a move of -5.53% on the month. Per tola: ≈ر.ع.254; per gram: ≈ر.ع.22; per 10g: ≈ر.ع.218.

What was the 24K gold rate per tola in Oman in February 2021?

The 24K gold rate per tola in Oman at the February 2021 close was approximately ر.ع.254, derived from international XAU/USD spot of $1,759.95/oz times the 2021-end OMR/USD exchange rate of 0.3845. This is pure metal value; final retail rates include local taxes and dealer making charges.

What was the 21K gold rate per gram in Oman in February 2021?

Oman's most-quoted retail standard is 21K per gram. At the February 2021 close, that worked out to approximately ر.ع.19 (21K pure-metal value). Add local taxes and making charges for the final retail rate.

How was the local currency price calculated?

OMR prices on this page are computed from the verified international XAU/USD spot price for February 2021 (sourced from gold-api.com), multiplied by the 2021-end OMR/USD exchange rate from exchangerate-api.com. We use year-end rates as a single reference point for the entire month — for most stable currencies the within-year FX drift is small, but during currency crises (PKR 2022–23, TRY 2022, ARS 2024 etc.) the actual mid-month rate may differ.

Why does the retail price in shops differ from this number?

The ر.ع. figures here represent the international gold spot price converted to OMR at the 2021-end exchange rate. Oman's retail jewellers add (1) import duties and sales tax (varies by SKU and karat), (2) dealer making charges (typically 3–12% of metal value), and (3) a small premium for purity certification on bars. Always verify the exact day's retail rate with a reputable local dealer before transacting.

Want today's rate in Oman? See live gold prices in Oman with minute-by-minute updates and per-karat breakdowns.

Different month or year? Use the prev / next buttons above, or jump to the full 2021 archive or the USD-only February 2021 page with the country-by-country list at the bottom.

Other markets? Compare February 2021 prices across other major gold-trading countries: Saudi Arabia, United Arab Emirates, Kuwait, Qatar, Bahrain, India.

Disclaimer: Historical gold prices on this page reflect the international XAU/USD spot price for the requested period, converted to OMR at the 2021-end exchange rate. They are intended for informational and educational use only and do not constitute investment advice or a price quote for buying or selling physical gold today. Always verify current local rates with a reputable bullion dealer in Oman before transacting.