Iraq · IQD · October 2021
Gold Price in Iraq — October 2021
In October 2021, the gold price in Iraq closed at approximately ع.د2,620,055 per troy ounce, equivalent to ع.د982,536 per tola or ع.د84,237 per gram. This represents a +1.07% change on the month (ع.د2,592,349 open → ع.د2,620,055 close).
Open
ع.د2,592,349
per troy ounce
Close
ع.د2,620,055
per troy ounce
High
ع.د2,640,823
per troy ounce
Low
ع.د2,557,845
per troy ounce
All unit prices at October 2021 close — Iraq
| Unit | Weight | Closing IQD price |
|---|---|---|
| Troy ounce | 31.1035 g | ع.د2,620,055 |
| Gram | 1.0000 g | ع.د84,237 |
| 10 grams | 10 g | ع.د842,367 |
| Kilogram | 1,000 g | ع.د84,236,655 |
| Tola | 11.664 g | ع.د982,536 |
Karat-purity breakdown at October 2021 close
| Karat | Per gram | Per tola |
|---|---|---|
| 24K | ع.د84,152 | ع.د981,554 |
| 22K | ع.د77,161 | ع.د900,003 |
| 21KIRAQ STD | ع.د73,707 | ع.د859,719 |
| 18K | ع.د63,177 | ع.د736,902 |
| 14K | ع.د49,278 | ع.د574,784 |
| 10K | ع.د35,127 | ع.د409,718 |
Daily gold price in IQD — October 2021
October 2021 gold market: Inflation worries steady gold
Range-boundInflation worries offset taper pressure.
Gold recovered toward $1,790–$1,800 in October as surging energy prices and persistent supply-chain disruptions drove inflation expectations higher, reviving some hedging demand even as the taper loomed.
What drove gold in October 2021
- surging energy prices
- rising inflation expectations
- supply-chain disruptions
- looming Fed taper
Key events in October 2021
- Oct 22Gold firms near $1,800 as inflation gauges climb
What happened next
November brought a sharp inflation-driven spike and an equally sharp reversal.
For gold buyers in Iraq
October showed gold could still catch a bid on inflation fear, even with the Fed preparing to tighten.
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 — October 2021, Iraq
ع.د2,592,349
$1,776.85/oz
ع.د2,583,202
$1,770.58/oz
ع.د2,559,887
$1,754.60/oz
ع.د2,557,845
$1,753.20/oz
ع.د2,567,328
$1,759.70/oz
ع.د2,570,830
$1,762.10/oz
ع.د2,587,170
$1,773.30/oz
ع.د2,569,363
$1,761.10/oz
ع.د2,564,410
$1,757.70/oz
ع.د2,579,146
$1,767.80/oz
ع.د2,605,261
$1,785.70/oz
ع.د2,624,227
$1,798.70/oz
ع.د2,586,295
$1,772.70/oz
ع.د2,585,426
$1,772.11/oz
ع.د2,579,292
$1,767.90/oz
ع.د2,596,361
$1,779.60/oz
ع.د2,594,027
$1,778.00/oz
ع.د2,595,924
$1,779.30/oz
ع.د2,638,233
$1,808.30/oz
ع.د2,640,823
$1,810.08/oz
ع.د2,633,857
$1,805.30/oz
ع.د2,605,115
$1,785.60/oz
ع.د2,619,267
$1,795.30/oz
ع.د2,631,230
$1,803.50/oz
ع.د2,581,188
$1,769.20/oz
ع.د2,620,055
$1,795.84/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 October 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 October 2021
What was the gold price in Iraq in October 2021?
In October 2021, gold in Iraq opened at ع.د2,592,349/oz and closed at ع.د2,620,055/oz — a move of +1.07% on the month. Per tola: ≈ع.د982,536; per gram: ≈ع.د84,237; per 10g: ≈ع.د842,367.
What was the 24K gold rate per tola in Iraq in October 2021?
The 24K gold rate per tola in Iraq at the October 2021 close was approximately ع.د982,536, derived from international XAU/USD spot of $1,795.84/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 October 2021?
Iraq's most-quoted retail standard is 21K per mesghal. At the October 2021 close, that worked out to approximately ع.د73,707 (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 October 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 October 2021 page with the country-by-country list at the bottom.
Other markets? Compare October 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.