Gold prices climb in Baghdad, stay steady in Erbil. This reflects the current state of Iraq’s gold market, where local factors shape price trends. Baghdad experienced a mild increase in demand, while Erbil’s market remained calm and unchanged.
On Baghdad’s busy Al-Nahr Street, 21-carat gold reached 659,000 IQD per mithqal. This marks a noticeable increase compared to previous days. Buyers paid more, driven by growing interest in high-quality Gulf, Turkish, and European gold varieties. The buying price was also up slightly at 655,000 IQD.
Locally produced Iraqi gold followed the same path. The selling price for 21-carat Iraqi gold hit 629,000 IQD, while buyers offered 625,000 IQD. In city jewelry shops, 21-carat Gulf gold ranged between 660,000 and 670,000 IQD. Meanwhile, Iraqi gold sold between 630,000 and 640,000 IQD, showing a slight upward push.
In contrast, Erbil’s gold market saw no significant changes. Prices remained flat across all grades. The 22-carat gold maintained a price of 685,000 IQD per mithqal. For 21-carat gold, the rate stayed at 655,000 IQD. Similarly, 18-carat gold held steady at 560,000 IQD.
Gold prices climb in Baghdad, stay steady in Erbil, revealing regional differences in buying patterns. Baghdad’s rise in gold demand may be linked to seasonal buying, market speculation, or shifting economic expectations. However, Erbil appears more cautious, with buyers and sellers taking a wait-and-see approach.
Gold traders in both cities monitor prices daily. Adjustments reflect global gold values, local currency fluctuations, and supply chain trends. Events such as weddings, holidays, or changes in international markets often influence price movements.
As a conclusion, gold prices climb in Baghdad, stay steady in Erbil, yet experts warn this balance could shift. Inflation, oil prices, or changes in global interest rates might spark new market activity. Until then, Baghdad continues to lead price shifts, while Erbil stays firm.