Wednesday 25 / February / 2026
Muscat: Gold prices rose at the start of trading on Tuesday by about one per cent as investors turned to the safe-haven asset during Asian hours, assessing uncertainty surrounding US tariffs imposed by President Donald Trump.
Gold prices were hovering around OMR65 per gram in Oman on Wednesday morning.
Shopkeepers in Ruwi said 24K gold was trading at OMR65.75 per gram, while 22K gold stood at OMR61.40 per gram on Wednesday morning.
This marks a significant increase from August 2025, when 24K gold was priced at OMR41.65 per gram.
The recent surge has left many consumers and investors in a dilemma: purchase now in anticipation of further gains, or wait in case the rally peaks and prices ease.
In global markets, spot gold rose 0.8 per cent to $5,186.16 per ounce, while US gold futures for April delivery increased 0.6 per cent to $5,205 per ounce.
Among other precious metals, spot silver rose 3.4 per cent to $90.32 per ounce, its highest level in three weeks. Spot platinum climbed 4.7 per cent to $2,269.82 per ounce — its highest level since 4 February 2026 — while palladium gained 1.9 per cent to $1,801.47 per ounce, also a three-week high.
