Gold prices remained steady in Baghdad while rising slightly in Erbil, reflecting local market dynamics. According to a survey, gold trading in Baghdad’s Al-Nahr Street wholesale market recorded consistent rates for multiple varieties.
For 21-carat gold, including Gulf, Turkish, and European types, traders set the selling price at 848,000 IQD per mithqal, equivalent to roughly five grams. The buying price remained at 844,000 IQD per mithqal. Locally produced 21-carat Iraqi gold sold for 818,000 IQD, with a buying price of 814,000 IQD.
In Baghdad’s retail jewelry stores, the selling price of 21-carat Gulf gold ranged between 850,000 and 860,000 IQD per mithqal. Iraqi gold of the same carat sold for between 820,000 and 830,000 IQD, showing minimal change from previous days. Jewelers noted that demand remained stable, supporting steady rates.
Meanwhile, Erbil’s market dynamics reported a rise in gold prices across all main carats. Traders sold 22-carat gold at 927,000 IQD per mithqal, 21-carat gold at 885,000 IQD, and 18-carat gold at 758,000 IQD. Analysts attributed this increase to slightly higher local demand and currency fluctuations affecting Erbil’s trading activity.
Market observers emphasized that gold in Iraq remains a key investment and savings tool for citizens. Many buyers continue to monitor prices closely before making purchases, particularly for higher-carat varieties. Jewelry stores also offer flexible buying and selling options, which helps maintain market liquidity.
Overall, Baghdad’s gold market stayed stable, reflecting steady demand, while Erbil saw moderate price gains. Traders and investors are keeping a close eye on both domestic and regional factors that could influence gold prices in the coming weeks.