Baghdad Gold prices opened lower in Iraq’s main markets today. Traders monitored boards closely for early shifts. Consequently, both Baghdad and Erbil saw declines after recent gains. The market reflected cautious investor sentiment.
In Baghdad, 21-carat imported gold from Gulf, Turkish, and European sources sold at 914,000 dinars per mithqal. Buying prices stood at 910,000 dinars. This marked a decline from 924,000 dinars in the previous session.
Iraqi 21-carat gold also fell. Sellers offered it at 884,000 dinars per mithqal, while buyers paid 880,000 dinars. Jewelry shops in Baghdad displayed similar pricing trends. Imported gold ranged between 915,000 and 925,000 dinars, while Iraqi gold ranged between 885,000 and 895,000 dinars.
Erbil’s markets mirrored Baghdad’s trend. The 22-carat gold price reached 964,000 dinars per mithqal, down from 981,000 dinars. Meanwhile, 21-carat gold fell to 918,000 dinars from 935,000 dinars. 18-carat gold also declined, selling at 789,000 dinars per mithqal compared with 801,000 dinars previously.
Analysts attributed the decline to local market adjustments after the previous day’s gains. Traders remain cautious due to fluctuating demand and regional market trends. As a result, prices shifted modestly without sudden spikes.
Market participants emphasized stability despite the dip. Customers and dealers maintained calm buying and selling patterns. Therefore, fluctuations remained limited to small changes in daily trading.
Gold prices in both cities continue to reflect broader economic conditions. Supply, demand, and regional investor behavior all influence daily rates. Consequently, traders focus on gradual movements instead of sudden trends.
Experts noted that imported gold prices closely track international markets. Local gold often adjusts to align with domestic demand. Therefore, Baghdad and Erbil prices remain interconnected yet distinct.
The opening session set the tone for cautious trading today. Dealers expect moderate activity throughout the day. Investors and buyers monitor rates carefully for opportunities. Gold remains a key store of value in Iraq.
Overall, gold prices decreased slightly in both Baghdad and Erbil. Traders remain attentive to supply, demand, and market sentiment. Small adjustments are expected as the day progresses.