Gold prices in Iraq climbed steadily in Baghdad and Erbil markets, reflecting growing local demand and global trends. Traders reported active trading as buyers and sellers adjusted quickly to shifting market conditions. Rising gold prices in Iraq attracted attention from both individual buyers and investors seeking safe-haven assets amid economic uncertainty.
Al-Nahr Street recorded a selling price of 775,000 IQD per mithqal for 21-carat gold, including Gulf, Turkish, and European varieties. The buying price stood at 771,000 IQD. Iraqi 21-carat gold sold slightly lower, with a selling price of 745,000 IQD and a buying price of 741,000 IQD.
Jewelry stores offered 21-carat Gulf gold between 775,000 and 785,000 IQD per mithqal, while Iraqi gold ranged from 745,000 to 755,000 IQD. These variations reflect differences in purity, sourcing, and international influence on prices.
Meanwhile, Erbil markets showed slightly higher rates. Sellers offered 22-carat gold at 825,000 IQD per mithqal, 21-carat gold at 788,000 IQD, and 18-carat gold at 675,000 IQD. Traders noted that buyers actively follow price changes, especially for 21- and 22-carat gold, which remain the most popular choices for investment and jewelry.
Experts explained that rising gold prices in Iraq follow both global movements and domestic economic factors. Investors often turn to gold to hedge against currency fluctuations, inflation, and other financial risks. Consequently, increased demand from small-scale buyers and investors contributed to stronger trading volumes across Baghdad and Erbil.
Market watchers emphasize that gold prices in Baghdad and Erbil will likely remain sensitive to international trends, regional demand, and Iraqi dinar stability. Consumers and investors continue monitoring prices closely to plan purchases efficiently.
Gold remains a preferred store of value in Iraq, and traders expect continued interest in 21- and 22-carat gold. The local market plays a vital role in regional gold trade, and Iraq’s gold prices reflect both domestic and global economic conditions.