Oman · OMR · February 2022

Gold Price in Oman — February 2022

In February 2022, the gold price in Oman closed at approximately ر.ع.734 per troy ounce, equivalent to ر.ع.275 per tola or ر.ع.24 per gram. This represents a +2.89% change on the month (ر.ع.714 open → ر.ع.734 close).

+2.89% on the month

Open

ر.ع.714

per troy ounce

ر.ع.734

per troy ounce

High

ر.ع.745

per troy ounce

Low

ر.ع.689

per troy ounce

All unit prices at February 2022 close — Oman

Unit	Weight	Closing OMR price	USD reference
Troy ounce	31.1035 g	ر.ع.734	$1,909.90
Gram	1.0000 g	ر.ع.24	$61.40
10 grams	10 g	ر.ع.236	$614.05
Kilogram	1,000 g	ر.ع.23,610	$61,404.67
Tola	11.664 g	ر.ع.275	$716.22

OMR prices computed from XAU/USD ($1,909.90/oz close) × 2022-end OMR/USD rate (0.3845). Pure metal value only — excludes local taxes and dealer making charges.

Karat-purity breakdown at February 2022 close

Karat	Per gram	Per tola	Standard
24K	ر.ع.24	ر.ع.275	99.9% pure (investment grade)
22K	ر.ع.22	ر.ع.252	91.6% pure (Indian / Pakistani jewellery standard)
21KOMAN STD	ر.ع.21	ر.ع.241	87.5% pure (Gulf jewellery standard)
18K	ر.ع.18	ر.ع.207	75.0% pure (European jewellery standard)
14K	ر.ع.14	ر.ع.161	58.5% pure (US jewellery standard)
10K	ر.ع.10	ر.ع.115	41.7% pure (US lower jewellery grade)

Daily gold price in OMR — February 2022

24 trading days

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February 2022 gold market: Russia invades Ukraine; gold surges

Bullish

A powerful safe-haven surge on the outbreak of war.

Gold rallied through February and exploded higher after Russia invaded Ukraine on February 24, vaulting toward $1,970 as investors fled to safety. The war added a powerful geopolitical and inflationary impulse on top of an already tense macro backdrop.

What drove gold in February 2022

Russian invasion of Ukraine (Feb 24)
safe-haven flight
surging energy and commodity prices
sanctions and reserve-freezing fears

Themes#geopolitics#Russia–Ukraine war#safe-haven demand

Key events in February 2022

Feb 24Russia invades Ukraine; gold spikes toward $1,970

What happened next

The war drove gold to a near-record in early March before the Fed's first hike turned the tide.

For gold buyers in Oman

February's war-driven spike rewarded existing holders but, as so often with geopolitical rallies, set a short-term top for new buyers.

The 2022 gold market: Russia sanctions and a paradigm shift

Russia invaded Ukraine on February 24, 2022. G7/EU froze $300 billion of Russian central-bank reserves — the most consequential monetary event since 1971. Central-bank gold buying hit a record 1,082 tonnes (highest ever). Year close: $1,824 despite Fed's aggressive tightening.

Key drivers in 2022

Russia sanctions, central-bank reserve freezing, Fed hikes to 4.5%, gold's structural role redefined

2022 XAU/USD high

$2,070 (Mar)

2022 XAU/USD low

$1,621 (Sep)

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 2022, Oman

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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 2022 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 2022 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 2022

What was the gold price in Oman in February 2022?

In February 2022, gold in Oman opened at ر.ع.714/oz and closed at ر.ع.734/oz — a move of +2.89% on the month. Per tola: ≈ر.ع.275; per gram: ≈ر.ع.24; per 10g: ≈ر.ع.236.

What was the 24K gold rate per tola in Oman in February 2022?

The 24K gold rate per tola in Oman at the February 2022 close was approximately ر.ع.275, derived from international XAU/USD spot of $1,909.90/oz times the 2022-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 2022?

Oman's most-quoted retail standard is 21K per gram. At the February 2022 close, that worked out to approximately ر.ع.21 (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 2022 (sourced from gold-api.com), multiplied by the 2022-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 2022-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 2022 archive or the USD-only February 2022 page with the country-by-country list at the bottom.

Other markets? Compare February 2022 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 2022-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.