IQIraqUpdated for 2026Finance

Iraq Gold Mithqal & Workmanship Price Calculator 2026

Calculate buying and selling prices of gold in Iraqi Mithqals (1 Mithqal = 5 grams) for 21K, 18K, and 24K with custom local and imported craftsmanship fees.

Calculated Result

Total Gold Purchase Price (With Workmanship)

1,635,000IQD

Calculator Inputs

mithqals
Quick select:
IQD
Quick select:
IQD
Quick select:

Total Gold Purchase Price (With Workmanship)

1,635,000IQD

Equivalent Weight in Grams

15 grams

Net Raw Bullion Value

1,560,000 IQD

Total Workmanship Fee

75,000 IQD

Effective Cost per Gram

109,000 IQD

1 Iraqi Mithqal equals 5 grams. When reselling, only the raw gold bullion content is redeemed while workmanship fees are excluded.

Gold vs Workmanship Value

Raw Gold Value
1,560,000 IQD(95%)
Total Workmanship Fee
75,000 IQD(5%)

Informational calculations subject to daily live spot bullion market movements in Baghdad, Erbil, and regional gold exchanges.

This calculator is a mathematical model for general financial estimation, planning, and educational guidance. Results depend on your inputs and standard formulas, and do not constitute binding financial, tax, or investment advice. Always consult a qualified professional before making financial decisions.

Official Statute: الأعراف والضوابط المنظمة لتجارة وصياغة المعادن الثمينة ونظام فحص ووسم المصوغات في العراق لعام 2026Last Verified: 2026-09-04

Calculation Methodology

1 Iraqi Mithqal = 5 grams. Total Cost = Gold Weight (Mithqals) * (Raw Market Price per Mithqal for Selected Karat + Workmanship Fee per Mithqal).

Frequently Asked Questions

1 Iraqi Mithqal is standardized at exactly 5 grams in Iraqi gold souqs.

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