Gold prices remained stable in both Baghdad and Erbil on Saturday, March 8, 2025. According to Shafaq News Agency, the prices in both cities showed no significant changes compared to previous days.
In Baghdad’s wholesale markets, particularly on Al-Nahr Street, the price of one gram of 21-karat gold from Gulf, Turkish, and European origins was 605,000 Iraqi dinars for selling and 601,000 dinars for buying. Meanwhile, the price of 21-karat Iraqi gold was slightly lower, with selling prices at 575,000 dinars and buying prices at 571,000 dinars.
In jewelry stores across Baghdad, the price range for selling 21-karat Gulf gold was between 605,000 and 615,000 dinars. The price for Iraqi gold in these stores ranged from 575,000 to 585,000 dinars.
In Erbil, the prices were also steady. The selling price for 24-karat gold was 703,000 dinars, while 21-karat gold sold for 615,000 dinars. For 18-karat gold, the price was 527,000 dinars.
These stable gold prices reflect a steady market despite global fluctuations in the precious metal’s value. Both in Baghdad and Erbil, demand for gold remains consistent, and investors continue to view it as a safe-haven asset. The gold market in Iraq has been influenced by regional economic conditions, yet it has shown resilience with little fluctuation in recent weeks.
As a result, consumers in both cities can expect steady prices, making it an ideal time for those looking to buy or invest in gold. Despite some challenges in the broader economy, gold continues to maintain its value as a reliable store of wealth.
In conclusion, gold prices have remained stable in the markets of Baghdad and Erbil. This stability provides confidence for both buyers and investors, and the outlook for gold prices remains steady in the coming weeks.