Iraq · IQD · March 2025
Gold Price in Iraq — March 2025
In March 2025, the gold price in Iraq closed at approximately ع.د4,097,454 per troy ounce, equivalent to ع.د1,536,570 per tola or ع.د131,736 per gram. This represents a +4.86% change on the month (ع.د3,907,673 open → ع.د4,097,454 close).
Open
ع.د3,907,673
per troy ounce
Close
ع.د4,097,454
per troy ounce
High
ع.د4,097,454
per troy ounce
Low
ع.د3,792,352
per troy ounce
All unit prices at March 2025 close — Iraq
| Unit | Weight | Closing IQD price |
|---|---|---|
| Troy ounce | 31.1035 g | ع.د4,097,454 |
| Gram | 1.0000 g | ع.د131,736 |
| 10 grams | 10 g | ع.د1,317,361 |
| Kilogram | 1,000 g | ع.د131,736,110 |
| Tola | 11.664 g | ع.د1,536,570 |
Karat-purity breakdown at March 2025 close
| Karat | Per gram | Per tola |
|---|---|---|
| 24K | ع.د131,604 | ع.د1,535,033 |
| 22K | ع.د120,670 | ع.د1,407,498 |
| 21KIRAQ STD | ع.د115,269 | ع.د1,344,499 |
| 18K | ع.د98,802 | ع.د1,152,427 |
| 14K | ع.د77,066 | ع.د898,893 |
| 10K | ع.د54,934 | ع.د640,750 |
Daily gold price in IQD — March 2025
March 2025 gold market: Technical breakout: gold clears $3,000
BullishA decisive technical breakout above $3,000 unleashed momentum flows.
Gold accelerated in March, breaking key resistance and clearing $3,000 per ounce for the first time. Decisive breakouts attract self-reinforcing flows — momentum traders, algorithms, and gold-backed ETFs all add to the move — and that dynamic, layered on top of rising geopolitical risk, kicked off the year's major rally.
March was the month the rally became self-reinforcing. The break above $3,000 was not just a round-number milestone — it cleared multi-year technical resistance, triggering buying from momentum funds and trend-following algorithms while gold-backed ETFs began taking inflows after years of stagnation. That return of Western ETF demand, alongside the steady central-bank bid, gave 2025's advance a broader and more durable base than the largely central-bank-driven gains of 2022–2024.
What drove gold in March 2025
- technical breakout above $3,000
- returning ETF inflows
- momentum and algorithmic buying
- rising geopolitical risk
Key events in March 2025
- Mar 14Gold trades above $3,000/oz for the first time
What happened next
Sweeping new US tariffs in early April turned the breakout into a historic surge.
For gold buyers in Iraq
March's break of $3,000 was the ignition point — once long-dormant ETF demand returned, the rally had a second engine.
Key terms this month
- Gold-backed ETF:
- An exchange-traded fund holding physical gold; large inflows force the fund to buy bullion, adding direct demand. Western ETF demand returned strongly in 2025.
Related months to read
The 2025 gold market: Continued bull market and de-dollarization signals
2025 saw gold continue its bull market with prices reaching new highs above $3,000/oz. BRICS+ expansion (UAE, Iran, Egypt, Ethiopia) accelerated. Central-bank buying remained at record levels. The era of structural gold appreciation continued through the year.
Key drivers in 2025
Continued central-bank buying, BRICS+ settlement infrastructure, USD reserve share declining, AI-era productivity boom
2025 XAU/USD high
Above $3,000
2025 XAU/USD low
$2,580 (approx)
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 — March 2025, Iraq
ع.د3,907,673
$2,983.25/oz
ع.د3,792,352
$2,895.21/oz
ع.د3,792,431
$2,895.27/oz
ع.د3,835,185
$2,927.91/oz
ع.د3,837,897
$2,929.98/oz
ع.د3,833,626
$2,926.72/oz
ع.د3,839,429
$2,931.15/oz
ع.د3,822,709
$2,918.39/oz
ع.د3,822,709
$2,918.39/oz
ع.د3,827,738
$2,922.23/oz
ع.د3,851,925
$2,940.69/oz
ع.د3,916,587
$2,990.06/oz
ع.د3,936,215
$3,005.04/oz
ع.د3,932,201
$3,001.98/oz
ع.د3,933,412
$3,002.90/oz
ع.د3,979,847
$3,038.35/oz
ع.د3,997,858
$3,052.10/oz
ع.د4,005,049
$3,057.59/oz
ع.د3,991,898
$3,047.55/oz
ع.د3,973,285
$3,033.34/oz
ع.د3,973,285
$3,033.34/oz
ع.د3,976,913
$3,036.11/oz
ع.د3,971,746
$3,032.17/oz
ع.د4,007,905
$3,059.77/oz
ع.د4,043,527
$3,086.97/oz
ع.د4,097,454
$3,128.14/oz
ع.د4,097,454
$3,128.14/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 2025 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 March 2025 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 March 2025
What was the gold price in Iraq in March 2025?
In March 2025, gold in Iraq opened at ع.د3,907,673/oz and closed at ع.د4,097,454/oz — a move of +4.86% on the month. Per tola: ≈ع.د1,536,570; per gram: ≈ع.د131,736; per 10g: ≈ع.د1,317,361.
What was the 24K gold rate per tola in Iraq in March 2025?
The 24K gold rate per tola in Iraq at the March 2025 close was approximately ع.د1,536,570, derived from international XAU/USD spot of $3,128.14/oz times the 2025-end IQD/USD exchange rate of 1,309.8712. 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 March 2025?
Iraq's most-quoted retail standard is 21K per mesghal. At the March 2025 close, that worked out to approximately ع.د115,269 (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 March 2025 (sourced from gold-api.com), multiplied by the 2025-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 2025-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.
When did gold first break $3,000?
Gold traded above $3,000 per ounce for the first time in March 2025, helped by a technical breakout, the return of gold-ETF inflows, record central-bank buying and rising geopolitical risk.
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 2025 archive or the USD-only March 2025 page with the country-by-country list at the bottom.
Other markets? Compare March 2025 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 2025-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.