Iraq · IQD · May 2026
Gold Price in Iraq — May 2026
In May 2026, the gold price in Iraq closed at approximately ع.د5,963,641 per troy ounce, equivalent to ع.د2,236,401 per tola or ع.د191,735 per gram. This represents a -2.44% change on the month (ع.د6,113,047 open → ع.د5,963,641 close).
Open
ع.د6,113,047
per troy ounce
Close
ع.د5,963,641
per troy ounce
High
ع.د6,261,535
per troy ounce
Low
ع.د5,916,550
per troy ounce
All unit prices at May 2026 close — Iraq
| Unit | Weight | Closing IQD price |
|---|---|---|
| Troy ounce | 31.1035 g | ع.د5,963,641 |
| Gram | 1.0000 g | ع.د191,735 |
| 10 grams | 10 g | ع.د1,917,354 |
| Kilogram | 1,000 g | ع.د191,735,366 |
| Tola | 11.664 g | ع.د2,236,401 |
Karat-purity breakdown at May 2026 close
| Karat | Per gram | Per tola |
|---|---|---|
| 24K | ع.د191,544 | ع.د2,234,165 |
| 22K | ع.د175,630 | ع.د2,048,544 |
| 21KIRAQ STD | ع.د167,768 | ع.د1,956,851 |
| 18K | ع.د143,802 | ع.د1,677,301 |
| 14K | ع.د112,165 | ع.د1,308,295 |
| 10K | ع.د79,954 | ع.د932,579 |
Daily gold price in IQD — May 2026
The 2026 gold market: Gold's role in a multi-polar reserve system
2026 finds gold continuing as a structural reserve asset. Central banks remain net buyers. Gold's share of total global reserves has crossed 18 percent — the highest since the 1990s. The post-2022 monetary order, with gold playing a larger role alongside multiple reserve currencies, appears to be consolidating rather than reversing.
Key drivers in 2026
Multi-polar reserve system, central-bank accumulation continuing, AI-era productivity vs monetary expansion debate
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 — May 2026, Iraq
ع.د6,113,047
$4,660.30/oz
ع.د6,054,150
$4,615.40/oz
ع.د6,073,039
$4,629.80/oz
ع.د6,057,561
$4,618.00/oz
ع.د6,028,440
$4,595.80/oz
ع.د6,195,030
$4,722.80/oz
ع.د6,248,811
$4,763.80/oz
ع.د6,229,004
$4,748.70/oz
ع.د6,185,717
$4,715.70/oz
ع.د6,185,717
$4,715.70/oz
ع.د6,257,337
$4,770.30/oz
ع.د6,261,535
$4,773.50/oz
ع.د6,199,621
$4,726.30/oz
ع.د6,190,177
$4,719.10/oz
ع.د6,108,850
$4,657.10/oz
ع.د5,956,820
$4,541.20/oz
ع.د5,974,659
$4,554.80/oz
ع.د6,020,308
$4,589.60/oz
ع.د6,020,177
$4,589.50/oz
ع.د5,970,200
$4,551.40/oz
ع.د5,995,516
$4,570.70/oz
ع.د5,957,476
$4,541.70/oz
ع.د5,916,550
$4,510.50/oz
ع.د6,007,846
$4,580.10/oz
ع.د6,008,764
$4,580.80/oz
ع.د5,982,530
$4,560.80/oz
ع.د5,937,013
$4,526.10/oz
ع.د5,923,633
$4,515.90/oz
ع.د6,026,473
$4,594.30/oz
ع.د5,955,639
$4,540.30/oz
ع.د5,963,641
$4,546.40/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 2026 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 May 2026 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 May 2026
What was the gold price in Iraq in May 2026?
In May 2026, gold in Iraq opened at ع.د6,113,047/oz and closed at ع.د5,963,641/oz — a move of -2.44% on the month. Per tola: ≈ع.د2,236,401; per gram: ≈ع.د191,735; per 10g: ≈ع.د1,917,354.
What was the 24K gold rate per tola in Iraq in May 2026?
The 24K gold rate per tola in Iraq at the May 2026 close was approximately ع.د2,236,401, derived from international XAU/USD spot of $4,546.40/oz times the 2026-end IQD/USD exchange rate of 1,311.7282. 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 May 2026?
Iraq's most-quoted retail standard is 21K per mesghal. At the May 2026 close, that worked out to approximately ع.د167,768 (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 May 2026 (sourced from gold-api.com), multiplied by the 2026-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 2026-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 2026 archive or the USD-only May 2026 page with the country-by-country list at the bottom.
Other markets? Compare May 2026 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 2026-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.