Gold Prices Surge in Baghdad Amid Global Increase
Gold prices in Baghdad experienced a significant upsurge on March 3, 2025, coinciding with a rise in global gold prices. As of today, the market reported that the price of an ounce of gold in international markets reached $2,867, which has influenced local gold prices in Iraq.
Current Local Gold Prices
The latest price listings for gold in Baghdad are as follows:
| Gold Karat | Weight | Price (Iraqi Dinars) |
|---|---|---|
| 18-carat | 515 grams | 515,000 |
| 21-carat | 600 grams | 600,000 |
| 22-carat | 628 grams | 628,000 |
| 24-carat | 685 grams | 685,000 |
This spike in local gold values illustrates the responsiveness of domestic markets to fluctuations in global commodity prices. The trend underscores the importance of the gold market as both a barometer for investment confidence and a hedge against currency volatility in the region.
