Gold prices in Iraq have surged across Baghdad and Erbil, reflecting growing demand and active market trends. Investors and jewelry buyers responded quickly to the shifting market, driving a clear increase. In Baghdad, one mithqal (4.25 grams) of 21-carat Gulf, Turkish, and European gold reached 838,000 Iraqi dinars, rising from 820,000 dinars previously. Buyers paid 834,000 dinars, showing a steady rise in Baghdad’s market.
Locally refined Iraqi gold also increased. Sellers offered it at 808,000 dinars per mithqal, while buyers paid 804,000 dinars. Retail jewelry shops reported 21-carat Gulf gold prices ranging from 840,000 to 850,000 dinars. Iraqi gold traded between 810,000 and 820,000 dinars, reflecting a consistent upward trend.
In Erbil, gold prices followed a similar pattern. Twenty-two-carat gold sold for 900,000 dinars per mithqal. Twenty-one-carat gold reached 860,000 dinars, while 18-carat gold traded at 737,000 dinars. Traders emphasized that ongoing economic conditions, currency fluctuations, and investor interest continue to influence gold prices.
Market analysts noted that gold remains a top investment choice in Iraq. Many buyers prefer gold as a safe asset during financial uncertainty. As a result, Baghdad and Erbil markets experienced steady trading activity. Consumers actively monitor gold prices Iraq to make informed decisions.
Traders expect further changes based on local and regional economic developments. The steady rise in gold reflects Iraqis’ trust in gold as a reliable store of value. It also strengthens the market for jewelry and investment opportunities.
Gold prices Iraq continue to highlight a growing trend among investors and collectors. The surge demonstrates Iraq’s active and evolving precious metals market. Baghdad and Erbil remain central hubs where buyers and sellers drive market trends and investments.