Gold prices in Iraq saw a slight decline across major cities, including Baghdad and Erbil. This change has impacted both sellers and buyers as market trends shifted during the day. Many people are closely watching the Iraq gold market for daily price movements.
In Baghdad, prices for 21-carat gold dropped slightly. On Al-Nahr Street, 21-carat gold sold at 695,000 IQD per mithqal. This price applied to various types, including Gulf, Turkish, and European gold. Buyers in the capital paid around 691,000 IQD per mithqal. Iraqi-manufactured 21-carat gold sold for 665,000 IQD, with buyers offering 661,000 IQD.
Across Baghdad jewelry stores, price ranges varied depending on origin. The 21-carat Gulf gold sold for between 695,000 and 705,000 IQD per mithqal. Iraqi gold, however, remained cheaper, with prices ranging from 665,000 to 675,000 IQD. This variation reflects the ongoing demand for foreign-made versus local gold in the Iraq gold market.
Meanwhile, in Erbil, gold prices also experienced slight changes. Jewelry dealers sold 22-carat gold at 728,000 IQD per mithqal. The 21-carat gold remained steady at 695,000 IQD. Lower karat gold, like the 18-carat variety, reached around 595,000 IQD. These numbers showed a minor shift compared to previous days.
The gap between buying and selling prices remained small, showing strong market activity. Traders and consumers alike continue to monitor the Iraq gold market for possible changes. Many believe that prices could shift again due to regional demand and global gold trends.
Overall, the drop in gold prices could benefit those looking to invest or purchase jewelry soon. Lower prices encourage more movement in the market, especially during seasonal shopping periods. However, some buyers remain cautious, waiting to see if the prices will fall even more.
As demand continues to evolve, both cities—Baghdad and Erbil—remain active centers for gold trade in Iraq. Investors are keeping a close eye on global influences that could affect the local pricing structure. With strong interest in gold from various social and economic groups, small changes still matter.