Gold prices showed mixed movement across Iraq, with stability in Baghdad and noticeable gains in Erbil. Many traders in the capital reported no major price shifts, while northern markets experienced an upward trend. This contrast reflects the varying demand in different regions.
In Baghdad’s Al-Nahr Street, a key hub for gold trade, the selling price for 21-carat gold reached 668,000 IQD per mithqal, which equals five grams. This rate applied to Gulf, Turkish, and European types, while the buying price stood at 664,000 IQD. Meanwhile, 21-carat Iraqi gold sold for 638,000 IQD, with buyers offering 634,000 IQD.
Jewelry store prices in Baghdad showed slight variation depending on origin and craftsmanship. The gold selling prices in Iraq for 21-carat Gulf gold ranged between 670,000 and 680,000 IQD. Iraqi gold in the same category sold for 640,000 to 650,000 IQD. Traders noted that customer demand in Baghdad remained steady, keeping prices from moving significantly.
In contrast, Erbil markets recorded higher price points. Here, 22-carat gold sold for 696,000 IQD per mithqal, showing a firm rise compared to previous levels. Additionally, 21-carat gold reached 665,000 IQD, while 18-carat gold stood at 570,000 IQD. Local jewelers linked this increase to stronger buying interest, particularly for higher-purity gold.
Market analysts believe that the difference between Baghdad and Erbil prices reflects not only consumer demand but also local supply conditions. Erbil often attracts buyers from neighboring areas, increasing competition for available gold stock. In contrast, Baghdad’s gold market benefits from a more balanced flow of supply and demand, keeping prices within a narrower range.
Despite regional differences, both cities continue to see steady interest from customers preparing for weddings, gifts, and investments. Traders also noted that currency stability helped limit sharp fluctuations in the market. For now, the gold price gap between Baghdad and Erbil may persist unless broader changes affect supply or buyer behavior.
Overall, gold prices in Baghdad stayed steady, while Erbil experienced a clear rise. This trend may continue if demand in the north remains strong. Both markets, however, remain influenced by the same global gold value, with local variations driven by regional factors.