Gold Price Today in Iraq (18K)
Today's 18K gold price in Iraq in IQD: the global spot ounce (live median of Binance, Coinbase and Kraken via PAXG/USD) converted to IQD at an hourly FX rate, divided by 31.1035 g and scaled by purity.
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<a href="https://goldpricesarabia.com/en/iraq/gold-price/18k"><img src="https://goldpricesarabia.com/charts/gold/iqd/1y?lang=en&unit=oz" width="1200" height="630" alt="Gold price chart in Iraqi Dinar per troy ounce, 1 year" loading="lazy"></a>
<p style="font:12px sans-serif"><a href="https://goldpricesarabia.com/en/iraq/gold-price/18k">Source: Gold Prices Arabia</a></p>Browse by Karat
Iraq gold market
Iraq buys gold at 21K in the Gulf style, with 18K common in Baghdad's newer retail and 22K favoured in the Kurdistan region. The dinar is managed against the dollar by the Central Bank of Iraq, but the daily rate at Baghdad's exchange shops has traded above the official one, so a gram priced in IQD reflects whichever rate the shop uses. Gold is a standard part of the mahr, and the Shorja and Nahr markets in Baghdad set prices the rest of the country tracks. Making charges are quoted per gram and negotiated, and there is no VAT on jewellery.
Common questions about 18K gold in Iraq
- How is the 18K gold price in Iraq calculated?
- The 18K per-gram price in Iraq is computed as: spot ounce price (XAU/USD) ÷ 31.1035 g × purity ratio × IQD/USD FX rate. The spot price is sourced from Binance, Coinbase and Kraken via PAXG/USD, refreshed every second.
- Why does the gold price differ between shops in Iraq?
- The raw spot price is the same across all shops. Differences come from three factors: (1) making charges (5-30 local units per gram), (2) retailer margin (3-10%), (3) local tax if applicable. The price shown here is the floor reference before any add-ons.
- How often is the Iraq gold price updated?
- The spot ounce price refreshes in real time via WebSocket (multiple times per second). The IQD/USD FX rate refreshes hourly from open central-bank data. The table above reflects the latest available price.
Frequently Asked Questions
Everything you need to know about live gold prices on Gold Prices Arabia.