Gold Prices and Currency Exchange Rates in Iraq: March 4, 2025
Gold prices exhibited an upward trend both internationally and locally within the markets of Baghdad and Erbil, the capital of the Kurdistan Region, on Tuesday, March 4, 2025.
In the wholesale markets of Baghdad, the price for a single weight of 21-carat gold from Gulf, Turkish, and European sources reached 605,000 dinars for selling, with a purchase price of 601,000 dinars. Meanwhile, the selling price for local Iraqi 21-carat gold stood at 575,000 dinars, while the purchasing price was 571,000 dinars.
In the goldsmiths’ stores, the prices for 21-carat Gulf gold ranged between 605,000 and 615,000 dinars, whereas Iraqi gold prices were between 575,000 and 585,000 dinars.
In Erbil, gold prices remained stable, with 24-carat gold being priced at 697,000 dinars. The 22-carat gold sold for 640,000 dinars, while 21-carat and 18-carat gold was priced at 610,000 dinars and 522,000 dinars, respectively.
Additionally, the US dollar exchange rates experienced an increase in both Baghdad and Erbil’s markets on the same day. The dollar was reported at 149,250 dinars per $100 on the Baghdad and Al-Harithiya stock exchanges, a rise from the previous day’s rate of 147,700 dinars for $100.
| Gold Type | Selling Price (Dinars) | Purchase Price (Dinars) |
|---|---|---|
| Gulf, Turkish, European 21-carat | 605,000 | 601,000 |
| Iraqi 21-carat | 575,000 | 571,000 |
| Gulf 21-carat (Goldsmiths) | 605,000 – 615,000 | – |
| Iraqi (Goldsmiths) | 575,000 – 585,000 | – |
| 24-carat (Erbil) | 697,000 | – |
| 22-carat (Erbil) | 640,000 | – |
| 21-carat (Erbil) | 610,000 | – |
| 18-carat (Erbil) | 522,000 | – |
This data illustrates significant movements in both gold prices and currency exchange rates, reflecting ongoing trends in the region’s economy.
