Iraq gold prices dropped on Thursday in both Baghdad and Erbil markets. Traders reported lower values for different types and carats, reflecting shifts in demand and regional market conditions.
In Baghdad, the survey showed that 21-carat gold, including Gulf, Turkish, and European varieties, sold for 734,000 IQD per mithqal. The buying price stood slightly lower at 730,000 IQD. Meanwhile, Iraqi 21-carat gold recorded a selling price of 704,000 IQD and a buying price of 700,000 IQD.
Jewelry stores displayed a wider range of prices. The selling price per mithqal of 21-carat Gulf gold ranged between 735,000 and 745,000 IQD. Iraqi gold in jewelry shops sold for between 705,000 and 715,000 IQD. This small variation reflected differences in shop margins and customer demand.
In Erbil, the situation was similar. The market saw 22-carat gold priced at 765,000 IQD per mithqal. For 21-carat gold, the rate stood at 730,000 IQD, while 18-carat gold reached 625,000 IQD. These values confirmed that Iraq gold prices dropped in major northern and central markets alike.
Traders said the decline came after recent fluctuations in international gold values and local currency conditions. With ongoing changes in global economic trends, gold remains a key investment option for many Iraqis. Buyers often track daily updates closely before making purchases.
The price changes in Baghdad and Erbil also highlight the importance of local supply and demand. Gulf and Turkish gold continue to attract attention, but Iraqi-made jewelry still maintains a strong presence in local markets.
Gold prices in Iraq experienced a decline this week, prompting many shop owners to anticipate further fluctuations influenced by movements in global markets as well as changes in domestic consumer demand. As a result, both investors and buyers are expected to monitor these developments closely in the coming days, paying particular attention to international economic indicators, currency exchange rates, and local purchasing trends that may affect gold’s value in the Iraqi market.