Gold price in Iraq showed mixed movement across key cities. In Baghdad, prices climbed slightly, while in Erbil, they remained unchanged. The Iraq gold prices continue to reflect shifting demand and local market conditions.
In Baghdad’s Al-Nahr Street market, 21-carat gold reached a selling price of 665,000 Iraqi dinars per mithqal. That equals five grams of gold. Buyers paid 661,000 dinars to purchase the same gold back. This pricing covered Gulf, Turkish, and European gold types.
Meanwhile, Iraqi-produced 21-carat gold sold for 635,000 dinars per mithqal. The buying price stood slightly lower at 631,000 dinars. These prices marked a small increase compared to previous local records.
Jewelry stores across the capital offered a wider price range. The cost for 21-carat Gulf gold fluctuated between 665,000 and 675,000 dinars. At the same time, Iraqi gold ranged from 635,000 to 645,000 dinars per mithqal. Local demand and supplier variety shaped this range.
In contrast, Erbil’s market saw no major price movement. Retailers held their rates across gold categories. The Iraq gold prices in Erbil stayed stable despite changes in other cities.
In Erbil, 22-carat gold continued to sell at 695,000 dinars per mithqal. For 21-carat gold, the price stood at 665,000 dinars. Finally, 18-carat gold sold for 570,000 dinars per mithqal. These values remained in line with recent trends in the city.
The difference in gold pricing between Baghdad and Erbil reflects regional buying habits. Baghdad often reacts faster to market shifts. Meanwhile, Erbil’s market usually shows slower movement. Traders believe local demand plays a big role in these price behaviors.
Despite minor price changes, gold remains a key investment option for Iraqis. Many people buy gold to protect wealth and savings. Jewelry stores in both cities reported steady interest from customers.
Looking ahead, experts expect small fluctuations in the Iraq gold prices. They link future changes to global gold rates, currency stability, and consumer demand inside Iraq.