Gold Prices Dip as US Dollar Strengthens in Iraqi Market

PUKMEDIA

Currency and Gold Prices.

On Monday, 12 May 2025, gold prices have declined at the start of Iraq's trading market, with the price of an ounce of gold dropping to $3,231 Meanwhile, the exchange rate of the US dollar rose to 142,900 Iraqi dinars for $100.

The local gold prices were as follows:

One mithqal of 24-carat gold: 748,000 Iraqi dinars

One mithqal of 22-carat gold: 687,000 Iraqi dinars

One mithqal of 21-carat gold: 656,000 Iraqi dinars

One mithqal of 18-carat gold: 562,000 Iraqi dinars

Alongside the gold market, foreign currency exchange rates in Iraq also showed notable values at the start of trading.

The current exchange rates are:

$100 = 142,900 Iraqi dinars

€100 = 158,000 Iraqi dinars

£100 = 186,000 Iraqi dinars

$100 = 8,000,000 Iranian Tomans

$100 = 3,820 Turkish Liras

These fluctuations reflect ongoing changes in both the precious metals and currency markets, which are key to understanding Iraq's economic outlook at the start of the week.



PUKMEDIA