Gold prices in Iraq rose steadily in both Baghdad and Erbil, reflecting growing demand from investors and jewelry buyers. The increase in Iraq gold prices signals continued confidence in precious metals amid economic uncertainty.
In Baghdad, one mithqal (five grams) of 21-carat Gulf, Turkish, and European gold sold for 841,000 Iraqi dinars. Buyers paid 837,000 dinars per mithqal. Meanwhile, 21-carat Iraqi gold traded at a slightly lower price, selling for 811,000 dinars and buying at 807,000 dinars. These shifts indicate that Iraq gold prices continue to respond to local and regional market activity.
Jewelry shops in Baghdad reported similar trends. The selling price of 21-carat Gulf gold ranged between 840,000 and 850,000 dinars per mithqal. Locally refined 21-carat gold sold between 810,000 and 820,000 dinars. Traders explained that Iraq gold prices are influenced by both international benchmarks and domestic demand for investment and personal use.
Erbil markets showed a consistent rise in Iraq gold prices. Dealers sold 22-carat gold at 906,000 dinars per mithqal, 21-carat gold at 865,000 dinars, and 18-carat gold at 742,000 dinars. Market experts said the price surge reflects strong buyer interest and limited supply. They added that investors increasingly view Iraq gold prices as a safe store of value.
Economic analysts emphasized that Iraq gold prices are likely to continue rising in the near term. Currency fluctuations, global economic trends, and regional demand support higher prices. They advised consumers and investors to monitor daily rates to maximize their returns.
The rise in Iraq gold prices demonstrates the enduring trust in gold across the region. Both Baghdad and Erbil markets benefit from sustained interest in precious metals, which strengthens investment opportunities and supports local jewelry businesses.