In Iraq, gold prices hold steady in both Baghdad and Erbil, showing no major changes across the wholesale and retail markets. This consistent trend has reassured both traders and consumers alike. While global markets fluctuate, gold prices in Iraq hold steady, offering a sense of predictability in an otherwise uncertain economy.
In Baghdad, the wholesale markets on Al-Nahr Street remained unchanged. The selling price for 21-carat Gulf, Turkish, and European gold stood firm at 670,000 IQD per mithqal. The buying price remained at 666,000 IQD. This shows no shift from the previous day, providing some relief to buyers who fear rising costs.
Meanwhile, 21-carat Iraqi gold also showed stability. It was sold at 650,000 IQD per mithqal, with a buying price of 646,000 IQD. The unchanged prices reflect a balanced demand and supply in the local market. Gold prices in Iraq hold steady despite changes in international gold rates, showing resilience in the local economy.
Jewelry shops across Baghdad displayed similar price patterns. Retail prices for 21-carat Gulf gold ranged between 670,000 and 680,000 IQD. Iraqi 21-carat gold prices hovered between 650,000 and 660,000 IQD. These retail rates depend on workmanship and shop location, but overall they show stability.
In the northern city of Erbil, gold prices followed a similar pattern.In Erbil, sellers priced 22-carat gold at 696,000 IQD per mithqal. They sold 21-carat gold for 665,000 IQD and 18-carat gold for 570,000 IQD.These consistent figures show that even in Kurdistan, gold prices in Iraq hold steady.
With the local dinar maintaining value against the dollar, the gold trade remains unaffected by currency instability. This provides a level of certainty for jewelers, buyers, and investors.
Furthermore, Iraqis often rely on gold as a form of savings. In times of economic uncertainty, gold is a trusted asset. As gold prices in Iraq hold steady, many citizens continue to buy small amounts for weddings, savings, or future investments.
Even though international gold markets show volatility, Iraq’s local gold market reflects control and calm. This helps keep consumer confidence high. Continued price stability in Baghdad and Erbil ensures that the gold trade remains active and dependable.