About 1 Iraqi mithqal 21K
Gold shops in Iraq, including Baghdad, Basra, Erbil and Sulaymaniyah, quote gold per mithqal of 5 g, most often for 21K (87.5%) jewellery, in dinars or US dollars. One Iraqi mithqal of 21K contains 4.375 g of pure gold. Shop prices add a making charge and depend on the market dollar rate, so they can differ from this world-price value. The standard Islamic mithqal is 4.25 g: 1 mithqal (4.25 g) gold price.
Prices on this page are the value of the metal at the international spot price. Shops and dealers add premiums, making charges and local taxes; buy-back prices are usually below spot.