Iraq · IQD · June 2021
Gold Price in Iraq — June 2021
In June 2021, the gold price in Iraq closed at approximately ع.د2,572,434 per troy ounce, equivalent to ع.د964,678 per tola or ع.د82,706 per gram. This represents a -7.17% change on the month (ع.د2,771,144 open → ع.د2,572,434 close).
Open
ع.د2,771,144
per troy ounce
Close
ع.د2,572,434
per troy ounce
High
ع.د2,776,105
per troy ounce
Low
ع.د2,561,200
per troy ounce
All unit prices at June 2021 close — Iraq
| Unit | Weight | Closing IQD price |
|---|---|---|
| Troy ounce | 31.1035 g | ع.د2,572,434 |
| Gram | 1.0000 g | ع.د82,706 |
| 10 grams | 10 g | ع.د827,056 |
| Kilogram | 1,000 g | ع.د82,705,625 |
| Tola | 11.664 g | ع.د964,678 |
Karat-purity breakdown at June 2021 close
| Karat | Per gram | Per tola |
|---|---|---|
| 24K | ع.د82,623 | ع.د963,714 |
| 22K | ع.د75,758 | ع.د883,645 |
| 21KIRAQ STD | ع.د72,367 | ع.د844,094 |
| 18K | ع.د62,029 | ع.د723,509 |
| 14K | ع.د48,383 | ع.د564,337 |
| 10K | ع.د34,488 | ع.د402,271 |
Daily gold price in IQD — June 2021
June 2021 gold market: Hawkish Fed 'dot plot' slams gold
BearishA hawkish Fed projection erased the spring rally in days.
Gold dropped sharply in June, from near $1,900 to about $1,770, after the Federal Reserve's updated projections signalled earlier rate hikes than markets expected. The hawkish surprise lifted the dollar and real yields, hitting gold hard.
June's drop is a clean case study in how much the Fed's posture — not just its actions — moves gold. The central bank did not raise rates; it merely revised its 'dot plot' of projected future hikes. That shift was enough to send the dollar and real yields up and gold down over 6% in a few sessions. For inflation hedgers, it was a frustrating message: even with inflation running hot, a credibly hawkish Fed could cap gold by promising to defend price stability.
What drove gold in June 2021
- hawkish Fed dot-plot surprise (Jun 16)
- dollar and real-yield spike
- fading inflation-hedge demand
- long liquidation
Key events in June 2021
- Jun 16Fed projects earlier hikes; gold sells off sharply
What happened next
The hawkish shock left gold range-bound and vulnerable into the summer.
For gold buyers in Iraq
June was a lesson in Fed sensitivity: even a shift in projections — not an actual hike — was enough to knock gold down over 6%.
Key terms this month
- Dot plot:
- The Fed's chart of individual policymakers' projections for future interest rates — a key signal of policy direction.
Related months to read
The 2021 gold market: Consolidation below 2020 highs
Gold traded mostly sideways in 2021 between $1,680 and $1,950 as the Fed signaled coming tightening. Cryptocurrency mania peaked in November. Inflation began running above target. Year close: $1,829.
Key drivers in 2021
Crypto-boom drawing capital, Fed taper announcement, inflation rising, equity rally
2021 XAU/USD high
$1,945 (Jun)
2021 XAU/USD low
$1,676 (Mar)
Era context — The modern bull market (2019 to today)
Gold's second major bull market of the 21st century. Driven by COVID stimulus, Russia sanctions, central-bank accumulation at record levels, and the structural shift toward a multi-polar reserve system. New all-time highs reached repeatedly since 2020.
The Iraq gold market
Iraq's retail gold market uses the mesghal (4.6083 g) as the traditional unit alongside the gram. Baghdad and Basra host the most active retail bullion markets. Demand is closely tied to USD/IQD parallel-market rates.
Standard quote unit
mesghal
Common purity
21K
Currency
IQD (ع.د)
Daily gold price — June 2021, Iraq
ع.د2,771,144
$1,899.40/oz
ع.د2,776,105
$1,902.80/oz
ع.د2,723,291
$1,866.60/oz
ع.د2,758,306
$1,890.60/oz
ع.د2,772,306
$1,900.20/oz
ع.د2,755,096
$1,888.40/oz
ع.د2,762,099
$1,893.20/oz
ع.د2,764,141
$1,894.60/oz
ع.د2,755,534
$1,888.70/oz
ع.د2,744,446
$1,881.10/oz
ع.د2,740,039
$1,878.08/oz
ع.د2,721,832
$1,865.60/oz
ع.د2,721,102
$1,865.10/oz
ع.د2,714,829
$1,860.80/oz
ع.د2,595,048
$1,778.70/oz
ع.د2,586,878
$1,773.10/oz
ع.د2,606,611
$1,786.63/oz
ع.د2,589,796
$1,775.10/oz
ع.د2,589,796
$1,775.10/oz
ع.د2,613,869
$1,791.60/oz
ع.د2,604,094
$1,784.90/oz
ع.د2,606,720
$1,786.70/oz
ع.د2,605,451
$1,785.83/oz
ع.د2,597,383
$1,780.30/oz
ع.د2,561,200
$1,755.50/oz
ع.د2,572,434
$1,763.20/oz
How Iraq gold prices are calculated on this page
Source. The international XAU/USD spot price comes from gold-api.com's historical archive (London PM-fix benchmark). The IQD/USD exchange rate comes from exchangerate-api.com's 2021 year-end snapshot.
Conversion. Every IQD figure on this page is computed as XAU/USD price × IQD/USD rate. We use the year-end exchange rate consistently across all June 2021 prices on this page.
Per-unit math. Per-gram = per-ounce ÷ 31.1035. Per-tola = per-gram × 11.664. Per-10g = per-gram × 10. Per-kilo = per-gram × 1000. Karat values multiply per-gram by the purity ratio (24K = 0.999, 22K = 0.916, 21K = 0.875, 18K = 0.750, 14K = 0.585, 10K = 0.417).
What this page does NOT include. Local sales tax / VAT, customs duty on imports, dealer making charges, jewellery design premiums, or coin numismatic premiums. To go from this pure-metal value to a final retail rate in Iraq, add the country-specific levies described in the “Iraqgold market” section above.
FAQ — Iraq gold price in June 2021
What was the gold price in Iraq in June 2021?
In June 2021, gold in Iraq opened at ع.د2,771,144/oz and closed at ع.د2,572,434/oz — a move of -7.17% on the month. Per tola: ≈ع.د964,678; per gram: ≈ع.د82,706; per 10g: ≈ع.د827,056.
What was the 24K gold rate per tola in Iraq in June 2021?
The 24K gold rate per tola in Iraq at the June 2021 close was approximately ع.د964,678, derived from international XAU/USD spot of $1,763.20/oz times the 2021-end IQD/USD exchange rate of 1,458.9578. This is pure metal value; final retail rates include local taxes and dealer making charges.
What was the 21K gold rate per mesghal in Iraq in June 2021?
Iraq's most-quoted retail standard is 21K per mesghal. At the June 2021 close, that worked out to approximately ع.د72,367 (21K pure-metal value). Add local taxes and making charges for the final retail rate.
How was the local currency price calculated?
IQD prices on this page are computed from the verified international XAU/USD spot price for June 2021 (sourced from gold-api.com), multiplied by the 2021-end IQD/USD exchange rate from exchangerate-api.com. We use year-end rates as a single reference point for the entire month — for most stable currencies the within-year FX drift is small, but during currency crises (PKR 2022–23, TRY 2022, ARS 2024 etc.) the actual mid-month rate may differ.
Why does the retail price in shops differ from this number?
The ع.د figures here represent the international gold spot price converted to IQD at the 2021-end exchange rate. Iraq's retail jewellers add (1) import duties and sales tax (varies by SKU and karat), (2) dealer making charges (typically 3–12% of metal value), and (3) a small premium for purity certification on bars. Always verify the exact day's retail rate with a reputable local dealer before transacting.
Want today's rate in Iraq? See live gold prices in Iraq with minute-by-minute updates and per-karat breakdowns.
Different month or year? Use the prev / next buttons above, or jump to the full 2021 archive or the USD-only June 2021 page with the country-by-country list at the bottom.
Other markets? Compare June 2021 prices across other major gold-trading countries: Saudi Arabia, Iran, Kuwait, Jordan, Turkey.
Disclaimer: Historical gold prices on this page reflect the international XAU/USD spot price for the requested period, converted to IQD at the 2021-end exchange rate. They are intended for informational and educational use only and do not constitute investment advice or a price quote for buying or selling physical gold today. Always verify current local rates with a reputable bullion dealer in Iraq before transacting.