Gold Price in Iraq | Daily Update for 24k – 2023

24 Carat Gold Price In Iraq:
83047.768 (IQD) Per Gram

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Before knowing the gold price in Iraq, let us educate you that, in the Western desert and Kurdistan regions as well as the eastern Baghdad region, gold deposits have been discovered.

There are currently mining operations underway in the Aldajh region. Some time ago, gold exploration was reportedly being conducted in other locations such as Fudhaliyah and Obeidi.

According to Iraq’s own data, the country has an important gold and diamond reserves as well as second-largest crude oil reserves. In this sense, the Iraqi government believes gold mining will grow increasingly profitable for the country.

All major currencies are also offered by Iraq, including US dollars, pound sterling, euros, and yen. Gold is measured in ounces, grams, and kilograms.

*these rates are taken from some reliable sources of the industry.

Testing and hallmarking of Iraq’s gold has ensured its high quality, so there is no risk of it not meeting international standards.

 You should first determine current gold prices in Iraq before researching gold price in Iraq. To check gold prices in Iraq, simply consult the table below.

Gold Price In Iraq Per Gram, Kilo, Ounce

Various gold prices are shown in the following table (ounces, tolas, grams, kilograms, etc.).  

An example of how jewellery production is actually done is illustrated in the following graphic.

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  To help you understand how this guide flows and what it covers, we outline the following topics.  

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Do some research about price

Monitoring price changes on a regular basis is essential. Once you find that the price of an item has dropped slightly, you should consider buying it within two to three working days.

Depending on the jewelry shop, items, designs, and target audience, gold is sold at different prices.

When investing in gold, buying gold jewelry online, or buying gold from a store, you must know the Iraqi Gold rate.

With Jewells Mark, you’ll always find the information you’re looking for.

Prices for Gold Carats

This bird’s eye view will give you a general idea of gold carat prices.

You will find the prices per gram, per 10 grams, per Vori, per Aana, and per ounce in the table below.

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Gold Measurements

In Iraq, gold weight is also measured in grams, kilograms, and tolas.

• Pavan Gold is equivalent to 8 grams of gold. Pavan is also known as Poun.
• 1 Pavan = 8 grmas
• Approximately 11.6638038 grams of gold weigh one tola, 31.1034768 grams per ounce, and 1,000 grams per kilogram.
• 1 Tola = 11.66 grams
• 1 Ounce = 31.1034 grams
• 1 Kilograms = 1000 grams
• The weight of gold is measured in troy ounces (1 troy ounce = 31.1034768 grams), whereas its purity is measured in “carats”. The caratage of gold alloyed with other metals is the measure of purity.

The tools below allow you to convert gold weight between different units:-

Gold price in Iraq | Calculator

From here, you can calculate the quantity of gold for any number of items

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Gold Color Types

Iraqi jewelry can be purchased in various colors. Yellow Gold appears most frequently in jewelry shops.
White gold and rose gold are also popular, and green gold can also be found at jewelry shops throughout Iraq.

Gold Buying Tips

• When gold is counted, it can be determined to have a certain purity.
• When 24kt gold is used, it is 99.9% pure, but it declines when 22kt, 18kt, 14kt gold is used.
• If you invest in gold without ensuring purity, you would be making a mistake.
• A hallmarked piece of jewellery is another reliable way of identifying purity.
• A priority before making a purchase should be obtaining gold of the right weight.

Gold Investment in iraq

In times of weak local currencies, people often turn to gold as an alternative to stocks and bonds. This, however, is not the case always.

When interest rates decline, gold rates increase because gold holds a lower opportunity cost. Central banks lower interest rates and lend more money when the money supply is large.

Investing in gold can also be done through gold mutual funds, which offer exposure to gold without requiring physical ownership of the metal.

Gold coins and bars should be held onto in order to benefit from price increases in the future, or sold in order to generate profits.

Who Decides Gold Rate In Iraq

A panel of internal and external chairman members, an oversight committee, and several banks determine the spot price and fixed price of gold futures based on supply and demand.

Each day, associations determine the gold rate. That rate is applied nationwide.

As reported by the Association, international markets have an impact on the Federation.

Gold Carats In Iraq

Various carats and their respective Hallmark of Gold jewelry are as follows:

Assayers’ marks, which certified purity and fineness, served as hallmarks that demonstrated the purity of gold jewelry, trademarks were added to show which goldsmith made the jewelry.

There are six types of hallmarked gold sold in Iraq jewelry stores:

• 375 hallmarked gold (9 carat gold)
• 585 hallmarked gold (14 carat gold)
• 750 hallmarked gold (18 carat gold)
• 875 hallmarked gold (21 carat gold)
• 916 hallmarked gold (22 carat gold)
• 958 hallmarked gold (23 carat gold)
• 999 hallmarked gold (24 carat gold)

24 Carat Gold

Coins, bars, and biscuits are made from gold because of its strength.

Due to the fact that gold is pure, it is more expensive than other forms of gold. Therefore, it is an excellent investment for when there is little or no depreciation.

Although gold is a precious metal, its purest form (24 karats) cannot be hardened since the metal is soft by nature.

It is not recommended to make ornaments out of 24 carat gold.

23 Carat gold

Shops in foreign countries sell 23K gold necklaces, rings, earrings, chains, and rings. Gold in 23K form is beautiful, durable, and capable of holding its value for generations, among other advantages.

If you desire jewelry that demonstrates high purity, these pieces make a good choice.

Gold jewelry can be recognized by its hallmarks. It is important to clearly see jewelry with a serial number of 958 or 23k.

22 carat gold

You can make gold jewellery out of it since it is the least pure form of gold. Mixing several metals, such as silver, nickel, and others, adds strength and impurity to a mixture.

Exactly 22 parts gold are contained in gold, while 2 parts impurities make up gold. Rather than the bright yellow color of 24 karat gold, this gold is gently tainted.

20 Carat Gold

There are 83.3% pure gold atoms in pure 20K gold alloys, and the rest contains impurities. In terms of value, 20-carat gold and Hallmark 833 gold are equivalent.

Gold prices have been increasing dramatically over the last few years.

Incorporating 20 carat gold into antique jewelry is most common with chains, rings, and earrings.

18 Carat Gold

There are many different forms that gold can take depending on its impurity. Gold grains containing 18 carat gold make up about 75% of the grains of pure gold grains, rest impurities are approx. 25%.

In the coming weeks, we will post another article about the 18 Carat Gold rate in Iraq.

14 Carat Gold

Solid gold jewelry, particularly pieces made from 14k gold, are an excellent choice for an everyday item.

An alloy made from 14k gold contains approximately 58% gold.

The addition of nickel, copper, and silver to 14k gold produces a stronger metal alloy than when it is just gold.

Historical Prices for All Gold Carats

Making accurate gold price predictions requires the study of historical gold prices 

DATE	24k Price (IQD)	22k Price (IQD)	21k Price (IQD)	18k Price (IQD)	14k Price (IQD)
29 May 2023	82053	75209.3	71782.1	61520.2	47877.4
28 May 2023	81950.5	75115.3	71692.3	61443.3	47817.5
27 May 2023	81950.5	75115.3	71692.3	61443.3	47817.5
26 May 2023	82110.2	75261.7	71832.1	61563	47910.7
25 May 2023	82436.6	75560.9	72117.6	61807.7	48101.2
24 May 2023	83286.8	76340.1	72861.4	62445.2	48597.3
23 May 2023	82667.6	75772.6	72319.7	61980.9	48236
22 May 2023	83017.3	76093.2	72625.7	62243.2	48440
21 May 2023	83024.3	76099.6	72631.8	62248.4	48444.1
20 May 2023	83277.9	76332	72853.6	62438.5	48592.1
19 May 2023	82912.2	75996.8	72533.7	62164.3	48378.7
18 May 2023	83325	76375.2	72894.8	62473.8	48619.6
17 May 2023	84095.2	77081.1	73568.6	63051.3	49068.9
16 May 2023	84892	77811.5	74265.7	63648.7	49533.9
15 May 2023	85332.2	78215	74650.8	63978.8	49790.7
14 May 2023	84489	77442	73913.1	63346.5	49298.7
13 May 2023	84753.6	77684.6	74144.6	63544.9	49453.1
12 May 2023	84757.5	77688.1	74148	63547.8	49455.4
11 May 2023	85614.9	78474	74898	64190.7	49955.7
10 May 2023	85694.6	78547.1	74967.8	64250.5	50002.2
9 May 2023	85720.6	78571	74990.6	64270	50017.4
8 May 2023	85267.6	78155.8	74594.3	63930.3	49753.1
7 May 2023	84924.4	77841.2	74294	63673	49552.8
6 May 2023	84924.4	77841.2	74294	63673	49552.8
5 May 2023	86586.8	79364.9	75748.3	64919.4	50522.8
4 May 2023	85804.8	78648.1	75064.2	64333.1	50066.5
3 May 2023	84456.4	77412.2	73884.6	63322.1	49279.7
2 May 2023	92961.7	85208.1	81325.3	69699.1	54242.5
1 May 2023	83408.7	76451.8	72968	62536.6	48668.4

Gold Price in Other Countries

Check out gold price in other featured countries from the list below

Best gold shops in Iraq:

مجوهرات باريس

Address: Mansour St, Baghdad

Hours: Opens 10AM Local time

Phone: 0770 650 5857

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Lord of the Rings Jewellery

Address: شارع 14 رمضان بغداد ٦٠١٤٥، 20051

Hours: Opens 10:30AM

Phone: 0790 333 3532

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مجوهرات غياث

Address: 889R+853، شارع المنصور، Baghdad

Hours: Opens 10AM

Phone: 0790 382 8578

Disclaimer:

According to the table, the gold prices reflect the international market value; however, the Iraqi market is subject to fluctuations.

The frequency of prices being updated varies among sources, but most are updated every 15 minutes.

Furthermore, you should double-check the prices at some physical stores.

JewellsMark, neither controls nor is responsible for the international gold price.