Oman · OMR · May 2026
Gold Price in Oman — May 2026
In May 2026, the gold price in Oman closed at approximately ر.ع.1,748 per troy ounce, equivalent to ر.ع.656 per tola or ر.ع.56 per gram. This represents a -2.44% change on the month (ر.ع.1,792 open → ر.ع.1,748 close).
Open
ر.ع.1,792
per troy ounce
Close
ر.ع.1,748
per troy ounce
High
ر.ع.1,835
per troy ounce
Low
ر.ع.1,734
per troy ounce
All unit prices at May 2026 close — Oman
| Unit | Weight | Closing OMR price |
|---|---|---|
| Troy ounce | 31.1035 g | ر.ع.1,748 |
| Gram | 1.0000 g | ر.ع.56 |
| 10 grams | 10 g | ر.ع.562 |
| Kilogram | 1,000 g | ر.ع.56,202 |
| Tola | 11.664 g | ر.ع.656 |
Karat-purity breakdown at May 2026 close
| Karat | Per gram | Per tola |
|---|---|---|
| 24K | ر.ع.56 | ر.ع.655 |
| 22K | ر.ع.51 | ر.ع.600 |
| 21KOMAN STD | ر.ع.49 | ر.ع.574 |
| 18K | ر.ع.42 | ر.ع.492 |
| 14K | ر.ع.33 | ر.ع.383 |
| 10K | ر.ع.23 | ر.ع.273 |
Daily gold price in OMR — May 2026
The 2026 gold market: Gold's role in a multi-polar reserve system
2026 finds gold continuing as a structural reserve asset. Central banks remain net buyers. Gold's share of total global reserves has crossed 18 percent — the highest since the 1990s. The post-2022 monetary order, with gold playing a larger role alongside multiple reserve currencies, appears to be consolidating rather than reversing.
Key drivers in 2026
Multi-polar reserve system, central-bank accumulation continuing, AI-era productivity vs monetary expansion debate
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 — May 2026, Oman
ر.ع.1,792
$4,660.30/oz
ر.ع.1,775
$4,615.40/oz
ر.ع.1,780
$4,629.80/oz
ر.ع.1,776
$4,618.00/oz
ر.ع.1,767
$4,595.80/oz
ر.ع.1,816
$4,722.80/oz
ر.ع.1,832
$4,763.80/oz
ر.ع.1,826
$4,748.70/oz
ر.ع.1,813
$4,715.70/oz
ر.ع.1,813
$4,715.70/oz
ر.ع.1,834
$4,770.30/oz
ر.ع.1,835
$4,773.50/oz
ر.ع.1,817
$4,726.30/oz
ر.ع.1,814
$4,719.10/oz
ر.ع.1,791
$4,657.10/oz
ر.ع.1,746
$4,541.20/oz
ر.ع.1,751
$4,554.80/oz
ر.ع.1,765
$4,589.60/oz
ر.ع.1,765
$4,589.50/oz
ر.ع.1,750
$4,551.40/oz
ر.ع.1,757
$4,570.70/oz
ر.ع.1,746
$4,541.70/oz
ر.ع.1,734
$4,510.50/oz
ر.ع.1,761
$4,580.10/oz
ر.ع.1,761
$4,580.80/oz
ر.ع.1,754
$4,560.80/oz
ر.ع.1,740
$4,526.10/oz
ر.ع.1,736
$4,515.90/oz
ر.ع.1,767
$4,594.30/oz
ر.ع.1,746
$4,540.30/oz
ر.ع.1,748
$4,546.40/oz
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 2026 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 May 2026 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 May 2026
What was the gold price in Oman in May 2026?
In May 2026, gold in Oman opened at ر.ع.1,792/oz and closed at ر.ع.1,748/oz — a move of -2.44% on the month. Per tola: ≈ر.ع.656; per gram: ≈ر.ع.56; per 10g: ≈ر.ع.562.
What was the 24K gold rate per tola in Oman in May 2026?
The 24K gold rate per tola in Oman at the May 2026 close was approximately ر.ع.656, derived from international XAU/USD spot of $4,546.40/oz times the 2026-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 May 2026?
Oman's most-quoted retail standard is 21K per gram. At the May 2026 close, that worked out to approximately ر.ع.49 (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 May 2026 (sourced from gold-api.com), multiplied by the 2026-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 2026-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 2026 archive or the USD-only May 2026 page with the country-by-country list at the bottom.
Other markets? Compare May 2026 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 2026-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.