Gold prices in Iraq remain stable in Baghdad and Erbil, reflecting steady local and regional demand. The consistency in gold trading supports both investors and consumers as they plan purchases. Market watchers highlight that price stability encourages confidence in Iraq’s jewelry and investment markets.
In Baghdad, 21-carat gold sold at 775,000 IQD per mithqal, including Gulf, Turkish, and European types. Buyers paid 771,000 IQD per mithqal. For Iraqi 21-carat gold, sellers offered 745,000 IQD, while buyers paid 741,000 IQD. Local jewelry stores listed Gulf gold between 775,000 and 785,000 IQD, whereas Iraqi gold sold for 745,000 to 755,000 IQD. Analysts point out that stable gold prices reflect consistent domestic demand and limited global market shifts.
Erbil also recorded steady rates. The 22-carat gold sold for 825,000 IQD per mithqal. The 21-carat variety was 787,000 IQD, and 18-carat gold reached 675,000 IQD. Jewelers noted that these rates remain predictable, even with minor daily adjustments. Observers emphasized that supply chains and import costs strongly influence Iraq’s gold price stability.
Investors continue to watch Baghdad and Erbil closely. Gold acts as a safe-haven asset amid economic uncertainties. Seasonal buying trends, jewelry demand, and international market rates also affect trading. Traders and buyers rely on stable gold prices to make informed choices. Experts advise monitoring daily updates to plan personal or investment purchases.
The stability of Iraq’s gold prices reassures markets and supports trading activity. It also strengthens confidence in local economic conditions. With ongoing steady demand, Baghdad and Erbil markets continue to attract both small-scale buyers and professional investors.