Gold & Silver Price Today in Iraq
Live prices per gram in IQD
Live gold and silver prices in Iraq in IQD. Gold karats 24/22/21/18/14K and silver purities 999/925/900 — updated daily.
🥇 Gold Price — Iraq
| Karat | Per Gram (IQD) |
|---|---|
| 24K | |
| 22K | |
| 21K | |
| 18K | |
| 14K |
IQD/gram
IQD/gram
IQD/gram
IQD/gram
IQD/gram
21K Gold — 7-Day Chart (IQD/gram)
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Silver Price Today in Iraq
Fine 999, Sterling 925 and Coin 900 silver prices in IQD per gram, ounce and kilo. Updated daily from live XAG/USD rates.
| Purity | Per Gram (IQD) |
|---|---|
Fine 999 Silver — 7-Day Chart (IQD/gram)
Gold in Iraq
Iraq has one of the most active informal gold markets in the Arab world, with gold serving as the primary savings instrument for millions of citizens outside the formal banking system. Baghdad's Al-Nidhal Street and Basra's Ashar gold bazaar are the country's most prominent trading centers. Prices are quoted in Iraqi Dinar (IQD) and closely track international spot rates, adjusted for local premiums.
Local Market Context
Iraq's gold market operates across a patchwork of formal shops and informal dealers. Baghdad's Al-Nidhal Street has historically been the benchmark for gold pricing nationwide. The market is especially active before Eid and wedding seasons. A significant portion of gold enters Iraq through informal channels from Turkey, Iran, and Dubai, contributing to the elevated dealer margin.
Taxes & Duties on Gold in Iraq
Iraq applies a 5% import duty on gold but no VAT on jewelry or bullion as of 2025. The dealer margin is higher than GCC neighbors (approximately 4%) due to informal import channels, security costs, and limited price competition outside major cities. The displayed price on freshgoldprice.com reflects the 5% duty plus the typical 4% dealer margin.
Buying Tips for Iraq
Buy from established shops on Al-Nidhal Street (Baghdad) or Ashar (Basra) rather than informal market vendors. Always weigh the piece on a calibrated scale and verify the karat stamp. Prices on the street may vary significantly from shop to shop — compare at least three dealers before purchasing. Keep receipts for all purchases.
Gold as an Investment in Iraq
Gold is Iraq's most accessible investment asset for ordinary citizens. The IQD has been relatively stable against USD since 2003 (pegged informally around 1,300 IQD/USD), limiting currency risk. Physical gold ownership is widespread and liquid in local markets, making it a practical store of value in an economy with limited financial infrastructure.
Gold & Silver Price FAQ — Iraq
- What is the gold price per gram in Iraq today?
- The current gold price per gram in Iraq is shown in the gold table above in IQD, sourced from international XAU/USD spot rates converted to local currency.
- Which gold karat is most popular in Iraq?
- Gold karats vary in popularity across Iraq. The price is shown in the table above in IQD per gram.
- How are gold karats calculated?
- Pure gold is 24K. Price per gram of each karat = 24K price × (karat ÷ 24). So 18K gold = 75% pure gold.
- What is the silver price per gram in Iraq today?
- The current silver Fine 999 price per gram in Iraq is shown in the silver section above in IQD, updated daily from live XAG/USD spot rates.
- What is the difference between Fine 999 and Sterling 925 silver?
- Fine 999 silver is 99.9% pure and is the standard for investment bars and bullion. Sterling 925 is 92.5% silver alloyed with copper, widely used for jewelry and silverware.
- Does the gold price in Iraq include import duty?
- Yes. The displayed price includes 5% customs import duty. No separate VAT applies to gold in Iraq.
- Why does the IQD gold price move in step with USD?
- The IQD is pegged to the US dollar at 1,310 IQD/USD, officially fixed by the Central Bank of Iraq. Because the FX rate is fixed, local gold price movements mirror XAU/USD spot changes directly.
- Is there VAT on gold in Iraq?
- No. Iraq does not levy VAT on gold purchases. A 5% import duty applies, and dealer margins are higher than GCC neighbors at around 4%, reflecting informal import channels and local risk premiums.
- Where is the best place to buy gold in Iraq?
- Baghdad's Al-Nidhal Street is the national benchmark for gold prices and hosts the largest concentration of established dealers. Basra's Ashar district is the main market in southern Iraq.
- What karat of gold is most common in Iraq?
- 21K is the dominant karat for everyday jewelry and wedding pieces in Iraq. 18K is used for more decorative items, while pure 24K gold coins are available for investment purposes.