{"id":4912,"date":"2025-09-29T08:40:00","date_gmt":"2025-09-29T04:40:00","guid":{"rendered":"https:\/\/omanet.om\/en\/news\/economy\/gold-gcc-prices-record-high\/"},"modified":"2025-09-29T17:24:24","modified_gmt":"2025-09-29T13:24:24","slug":"gold-gcc-prices-record-high","status":"publish","type":"post","link":"https:\/\/omanet.om\/en\/news\/economy\/gold-gcc-prices-record-high\/","title":{"rendered":"Gold Prices Reach New Record High in GCC: What Investors and Businesses Need to Know"},"content":{"rendered":"<style>\r\n@keyframes hitv3sog-fadein{from{opacity:0;transform:translateY(14px)}to{opacity:1;transform:translateY(0)}}\r\n@keyframes hitv3sog-slideup{from{opacity:0;transform:translateY(20px)}to{opacity:1;transform:translateY(0)}}\r\n@keyframes hitv3sog-pulse{0%,100%{box-shadow:0 0 14px #dc262688}50%{box-shadow:0 0 32px #dc2626,0 0 60px #dc262655}}\r\n@keyframes hitv3sog-shimmer{0%,100%{opacity:0.3;transform:scaleX(0.4)}50%{opacity:1;transform:scaleX(1)}}\r\n@keyframes hitv3sog-glow{0%,100%{opacity:0.6}50%{opacity:1}}\r\n@keyframes hitv3sog-badge{from{opacity:0;transform:scale(0.8)}to{opacity:1;transform:scale(1)}}\r\n<\/style><style>\r\n.hitv3sogw{container-type:inline-size;width:100%;max-width:970px;margin:0 auto;box-sizing:border-box}\r\n.hitv3soga{display:flex;flex-direction:row;align-items:center;justify-content:space-between;width:100%;box-sizing:border-box;text-decoration:none;color:#fff;font-family:-apple-system,BlinkMacSystemFont,'Segoe UI',Roboto,system-ui,sans-serif;position:relative;overflow:hidden;cursor:pointer;background:linear-gradient(135deg,#111118 0%,#080808 100%);border:1.5px solid rgba(255,255,255,0.08);border-radius:14px;gap:20px;padding:20px 40px;transition:border-color .2s}\r\n.hitv3soga:hover{border-color:#dc262688}\r\n.hitv3sogg1{position:absolute;inset:0;background:radial-gradient(ellipse at 50% 0%,rgba(220,38,38,0.35),transparent 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solid rgba(255,255,255,0.18);backdrop-filter:blur(8px);-webkit-backdrop-filter:blur(8px);border-radius:20px;padding:3px 10px 3px 7px;margin-bottom:clamp(5px,0.6vw,9px);animation:hitv3sog-badge 0.5s ease both;\"><span style=\"display:inline-block;width:6px;height:6px;border-radius:50%;background:#dc2626;flex-shrink:0;\"><\/span><span style=\"font-size:clamp(8px,0.9vw,10px);font-weight:700;letter-spacing:0.07em;color:rgba(255,255,255,0.88);text-transform:uppercase;white-space:nowrap;\">EXCLUSIVE OMAN OFFER<\/span><\/div>\r\n    <div class=\"hitv3sogh\" style=\"animation:hitv3sog-slideup 0.7s ease both;animation-delay:0.15s;\">Websites For <span style=\"color:#dc2626;\">Omani Businesses.<\/span><\/div>\r\n    <div class=\"hitv3sogs\" style=\"animation:hitv3sog-slideup 0.7s ease both;animation-delay:0.3s;\">Empower your brand with custom digital solutions designed for high conversion and market dominance.<\/div>\r\n    <div class=\"hitv3sogbl\"><div class=\"hitv3sogbi\"><span style=\"display:inline-block;width:5px;height:5px;border-radius:50%;background:#dc2626;flex-shrink:0;margin-right:7px;\"><\/span><span>Responsive designs built for growth<\/span><\/div><div class=\"hitv3sogbi\"><span style=\"display:inline-block;width:5px;height:5px;border-radius:50%;background:#dc2626;flex-shrink:0;margin-right:7px;\"><\/span><span>Fast loading with smart automation<\/span><\/div><\/div>\r\n  <\/div>\r\n  \r\n  <div class=\"hitv3sogct\">\r\n    <button class=\"hitv3sogbtn\" style=\"animation:hitv3sog-pulse 2.5s ease-in-out infinite;animation-delay:1s;\">Build Your Free Website <span style=\"opacity:.9;\">\u2192<\/span><\/button>\r\n    <div class=\"hitv3sogbr\">hit.land<\/div>\r\n  <\/div>\r\n<\/a>\r\n<\/div>\n<p>Gold prices in the Sultanate of Oman have reached unprecedented levels, with 22-karat gold priced at RO44.9 per gram and 24-karat gold approaching RO48.1 per gram. Meanwhile, 21-karat gold stands at RO42.3 per gram.<\/p>\n<p>In neighboring markets, gold prices are similarly high. In the UAE, the rates are AED 458.08 per gram for 24-karat, AED 419.91 for 22-karat, and AED 343.56 for 18-karat gold. Saudi Arabia reports a price of SAR 459.21 per gram.<\/p>\n<p>Gold continues to demonstrate strong momentum, closing 0.28% higher on Friday and surging 1.48% in the Asian session on Monday, according to Vijay Valecha, Chief Investment Officer at Century Financial. The price of gold has now surpassed the $3,800 mark, setting yet another record high for the year.<\/p>\n<p>This rally is largely driven by increased expectations of further interest rate cuts later in the year. The Federal Reserve\u2019s preferred inflation measure, the Core PCE Price Index, met expectations at 2.9% last Friday, bolstering these hopes. Additional factors supporting gold\u2019s safe-haven appeal include renewed trade tensions from a fresh wave of tariffs imposed by former President Donald Trump on imports such as pharmaceuticals, trucks, and furniture, alongside concerns over a potential US government shutdown.<\/p>\n<p>Market attention this week is focused on upcoming speeches by Federal Reserve officials and the highly anticipated non-farm payrolls report on Friday, both key influences on gold prices in the near term.<\/p>\n<p>Technically, gold prices have surpassed the previous all-time high of $3,791.25, recorded on September 23, and are currently trading near $3,815, reinforcing a bullish outlook in the short term. On the 4-hour chart, a bull flag pattern and breakout are evident, with prices breaking out during Friday\u2019s latter session. Despite this positive momentum, the Relative Strength Index (RSI) is in the overbought zone on both daily and 4-hour charts, suggesting possible consolidation or a slight pullback to the $3,791 breakout level.<\/p>\n<p>The surge in gold prices is primarily fueled by global economic uncertainties and geopolitical tensions, which have increased investor demand for safe-haven assets. A weakening US dollar and inflation concerns have further amplified this upward trend worldwide.<\/p>\n<p>Market apprehension is also rising over a potential US government shutdown this week, as political leaders face a looming Tuesday deadline to secure a funding agreement. Failure to do so could impact key departments, including the labor sector. Congressional leaders from both parties are scheduled to meet with President Trump to negotiate a resolution.<\/p>\n<p><style>\r\n@keyframes hitl8gak-fadein{from{opacity:0;transform:translateY(14px)}to{opacity:1;transform:translateY(0)}}\r\n@keyframes hitl8gak-slideup{from{opacity:0;transform:translateY(20px)}to{opacity:1;transform:translateY(0)}}\r\n@keyframes hitl8gak-pulse{0%,100%{box-shadow:0 0 14px #dc262688}50%{box-shadow:0 0 32px #dc2626,0 0 60px #dc262655}}\r\n@keyframes hitl8gak-shimmer{0%,100%{opacity:0.3;transform:scaleX(0.4)}50%{opacity:1;transform:scaleX(1)}}\r\n@keyframes hitl8gak-glow{0%,100%{opacity:0.6}50%{opacity:1}}\r\n@keyframes hitl8gak-badge{from{opacity:0;transform:scale(0.8)}to{opacity:1;transform:scale(1)}}\r\n<\/style><style>\r\n.hitl8gakw{container-type:inline-size;width:100%;max-width:970px;margin:0 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solid rgba(255,255,255,0.18);backdrop-filter:blur(8px);-webkit-backdrop-filter:blur(8px);border-radius:20px;padding:3px 10px 3px 7px;margin-bottom:clamp(5px,0.6vw,9px);animation:hitl8gak-badge 0.5s ease both;\"><span style=\"display:inline-block;width:6px;height:6px;border-radius:50%;background:#dc2626;flex-shrink:0;\"><\/span><span style=\"font-size:clamp(8px,0.9vw,10px);font-weight:700;letter-spacing:0.07em;color:rgba(255,255,255,0.88);text-transform:uppercase;white-space:nowrap;\">EXCLUSIVE OFFER<\/span><\/div>\r\n    <div class=\"hitl8gakh\" style=\"animation:hitl8gak-slideup 0.7s ease both;animation-delay:0.15s;\">Your Website <span style=\"color:#dc2626;\">Should Sell.<\/span><\/div>\r\n    <div class=\"hitl8gaks\" style=\"animation:hitl8gak-slideup 0.7s ease both;animation-delay:0.3s;\">Custom-built websites with smart automation & AI-powered features.<\/div>\r\n    <div class=\"hitl8gakbl\"><div class=\"hitl8gakbi\"><span style=\"display:inline-block;width:5px;height:5px;border-radius:50%;background:#dc2626;flex-shrink:0;margin-right:7px;\"><\/span><span>SEO-optimized & lightning fast<\/span><\/div><div class=\"hitl8gakbi\"><span style=\"display:inline-block;width:5px;height:5px;border-radius:50%;background:#dc2626;flex-shrink:0;margin-right:7px;\"><\/span><span>Smart features built for your business<\/span><\/div><\/div>\r\n  <\/div>\r\n  \r\n  <div class=\"hitl8gakct\">\r\n    <button class=\"hitl8gakbtn\" style=\"animation:hitl8gak-pulse 2.5s ease-in-out infinite;animation-delay:1s;\">Get Free Consultation <span style=\"opacity:.9;\">\u2192<\/span><\/button>\r\n    <div class=\"hitl8gakbr\">hit.land<\/div>\r\n  <\/div>\r\n<\/a>\r\n<\/div><br \/>\n<\/p>\n<p>Special Analysis by Omanet | Navigate Oman&#8217;s Market<\/p>\n<p>The sharp rise in gold prices presents <strong>a lucrative opportunity for investors and jewelers in Oman<\/strong> to capitalize on heightened demand driven by global economic uncertainty and safe-haven buying. Businesses should <strong>consider leveraging this bullish trend<\/strong> by expanding gold-related offerings, while smart investors must remain vigilant of potential short-term consolidations amid overbought technical signals. As geopolitical and economic risks persist, <strong>gold remains a crucial asset for portfolio diversification in Oman\u2019s evolving market landscape.<\/strong><\/p>\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold prices in Oman soared with 22-karat at RO44.9\/g and 24-karat near RO48.1\/g. Global rallies pushed bullion past $3,800 amid Fed rate cut expectations, US trade tensions, and shutdown risks. Technicals show bullish momentum but potential slight pullback.<\/p>\n","protected":false},"author":9,"featured_media":4913,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[482],"tags":[439,1861,161],"class_list":["post-4912","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","tag-gold-prices","tag-market-rally","tag-oman"],"jetpack_featured_media_url":"https:\/\/omanet.om\/wp-content\/uploads\/2025\/09\/3142582.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/posts\/4912","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/comments?post=4912"}],"version-history":[{"count":1,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/posts\/4912\/revisions"}],"predecessor-version":[{"id":4914,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/posts\/4912\/revisions\/4914"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/media\/4913"}],"wp:attachment":[{"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/media?parent=4912"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/categories?post=4912"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/tags?post=4912"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}