Dollar-Dinar Exchange Rate:
The exchange rate for $100 stood at 143,900 Iraqi dinars in Baghdad on Monday, while in Erbil, it edged slightly higher to 144,000 dinars. These minor regional differences reflect varying levels of local demand, which continue to shape currency market dynamics across Iraq.
Gold Prices:
Gold prices experienced a slight decline in both Baghdad and Erbil, according to a survey conducted by Shafaq News Agency. On Baghdad’s Al-Nahr Street, the selling price for one mithqal (equivalent to five grams) of 21-carat gold, including Gulf, Turkish, and European types, was recorded at 664,000 Iraqi dinars, with a buying price of 660,000 dinars.
Iraqi-produced 21-carat gold was slightly cheaper, selling at 634,000 dinars per mithqal and buying at 630,000 dinars. In local jewelry shops, 21-carat Gulf gold was priced between 665,000 and 675,000 dinars, while Iraqi gold ranged from 635,000 to 645,000 dinars.
In Erbil, prices followed a similar downward trend. A mithqal of 24-carat gold was sold at 753,000 dinars, 22-carat at 690,000 dinars, 21-carat at 660,000 dinars, and 18-carat gold at 565,000 dinars.
These shifts come despite broader economic fluctuations, and the market continues to reflect global price movements. For reference, one gram of 24-karat gold remains priced at approximately 790,000 dinars nationwide. The more commonly purchased 21-karat gold is priced at 690,000 dinars per gram.
Additionally, the price of one ounce of gold was recorded at 4,917,000 dinars, while a full kilogram reached 158,054,000 dinars. As global uncertainties persist, closely monitoring both gold and currency values remains critical for investors and traders across Iraq.
