Gold prices remained steady this week in both Baghdad and Erbil markets. Baghdad’s Al-Nahr Street recorded a selling price of 792,000 IQD per mithqal (five grams) for 21-carat gold, covering Gulf, Turkish, and European varieties. The buying price stood at 788,000 IQD.
For 21-carat Iraqi gold, sellers set the price at 762,000 IQD per mithqal. Buyers paid 758,000 IQD. In jewelry stores across Baghdad, the selling price for 21-carat Gulf gold ranged between 795,000 and 805,000 IQD. Iraqi gold sold between 765,000 and 775,000 IQD per mithqal.
In Erbil, gold prices also remained stable. Sellers offered 22-carat gold at 838,000 IQD per mithqal. The 21-carat variety sold at 800,000 IQD. Meanwhile, 18-carat gold was priced at 685,000 IQD per mithqal.
Market analysts said steady gold prices reflect balanced supply and demand in both cities. Traders noted that regional and global trends influenced the market, but local demand remained moderate. They also highlighted that gold continues to be a preferred investment for households and small investors.
Jewelry store owners reported consistent transactions this week. Buyers focused on 21-carat and 22-carat gold for investment and personal use. Many investors monitor prices closely, using small price fluctuations to decide when to buy or sell.
Economic experts say that steady prices support market confidence. Consumers benefit from predictable pricing, while traders and jewelers can plan purchases and sales efficiently.
Overall, Baghdad and Erbil markets maintained stable gold prices for all major varieties. Buyers and sellers expect prices to remain steady in the short term unless significant changes occur in the international gold market.