Gold markets in Iraq opened with notable changes. Iraq gold prices climbed slightly in Baghdad. However, they remained stable in the Erbil markets. The movement reflects ongoing demand patterns and market dynamics across both cities.
In Baghdad’s bustling Al-Nahr Street, Iraq gold prices increased again. The selling price for 21-carat gold reached 645,000 IQD per mithqal. A mithqal equals five grams. This price includes Gulf, Turkish, and European varieties. Buyers paid up to 641,000 IQD when purchasing from the same vendors.
Meanwhile, prices for Iraqi-made 21-carat gold settled slightly lower. Sellers offered it at 614,000 IQD per mithqal. Buyers paid around 610,000 IQD. These fluctuations reflect steady local interest, especially in traditional Iraqi gold.
Jewelry stores in Baghdad posted mixed prices. Gulf gold of 21-carat purity sold for between 645,000 and 655,000 IQD per mithqal. In contrast, Iraqi gold ranged between 615,000 and 620,000 IQD. These prices show slight upward pressure in the capital’s retail sector.
In Erbil, Iraq gold prices showed no major changes. The market opened with 24-carat gold selling at 748,000 IQD per mithqal. This premium category targets high-end customers. The 22-carat version sold for 686,000 IQD. Meanwhile, 21-carat gold reached 655,000 IQD. The 18-carat variety stayed lower at 560,000 IQD.
Gold sellers in Erbil reported steady demand. Customers continue favoring 21-carat and 22-carat options. These offer a balance of purity and affordability. Most transactions happen in person. Buyers prefer verifying gold quality before purchase.
Across both cities, Iraq gold prices remain a hot topic. Traders are watching global markets for further signals. Currency exchange rates also influence pricing trends. Demand usually spikes before weddings and holidays.
Despite global uncertainties, Iraq gold prices remain a trusted economic indicator. Iraqis view gold as a reliable store of value. Therefore, any movement in price attracts attention from both buyers and investors.
In conclusion, Baghdad witnessed a small increase in Iraq gold prices. Erbil stayed calm with no notable changes. As market conditions shift, future trends will depend on global demand, oil prices, and currency strength.