Gold prices increased in both Baghdad and Erbil as local demand and market dynamics pushed rates slightly higher. Shoppers and investors saw noticeable changes across various gold types, with prices for both imported and Iraqi gold rising in key market areas.
In Baghdad, gold shops on Al-Nahr Street reported higher prices for 21-carat gold. The selling price for imported 21-carat gold—including Gulf, Turkish, and European varieties—reached 675,000 IQD per mithqal. The buying price stood close behind at 671,000 IQD. Iraqi 21-carat gold saw slightly lower rates, selling at 655,000 IQD and buying at 651,000 IQD.
Meanwhile, jewelry stores in the capital showed a small price range. Imported 21-carat gold sold for between 675,000 and 685,000 IQD per mithqal. Iraqi 21-carat gold was slightly cheaper, selling for between 655,000 and 665,000 IQD. These increases reflect steady demand and slight shifts in market supply.
Erbil also saw rising gold rates. Sellers offered 22-carat gold at 702,000 IQD per mithqal. For 21-carat gold, prices hit 670,000 IQD. Buyers interested in lower purity could find 18-carat gold priced at 575,000 IQD. The trend matches recent regional patterns where market forces, consumer demand, and global indicators drive local price changes.
Many shoppers in both cities continue to prefer 21-carat gold for its balance between quality and affordability. Still, higher-purity options like 22-carat gold remain popular among buyers with more flexible budgets.
The rise in gold prices may encourage some customers to act quickly before further increases occur. Jewelers in Baghdad and Erbil suggest that upcoming holidays and wedding seasons could push prices even higher. As a result, gold buyers remain alert to market movements.
As gold remains a trusted investment in Iraq, price shifts draw attention across economic sectors. Many view gold not just as jewelry, but as a safe asset amid regional and international changes.