Gold prices in Iraq showed mixed trends on Sunday, remaining steady in Baghdad while climbing slightly in Erbil. This Iraq gold market update affects jewelers, traders, and consumers across major cities. Officials say local and international factors influence daily price movements.
In Baghdad, gold prices hovered around 1.04–1.05 million IQD per mithqal, showing no change from the previous session. Al-Nahr Street exchanges reported a selling price of 1.044 million IQD for 21-carat gold, including Gulf, Turkish, and European varieties, while the buying price stayed at 1.040 million IQD. Iraqi 21-carat gold sold at 1.014 million IQD and bought at 1.010 million IQD.
Jewelry stores in Baghdad listed 21-carat Gulf gold between 1.045 million and 1.055 million IQD per mithqal, while Iraqi gold ranged from 1.015 million to 1.025 million IQD. These steady rates reflect a balance between supply, demand, and international gold trends.
Meanwhile, Erbil recorded a slight increase in gold prices. The selling price for 22-carat gold reached 1.150 million IQD per mithqal, 21-carat gold at 1.098 million IQD, and 18-carat gold at 942,000 IQD. Traders attribute this rise to higher demand and limited local supply in the Kurdish region.
Market analysts note that Baghdad’s stable prices reflect strong liquidity and consistent trading activity. In contrast, Erbil’s small upward shift indicates growing investor interest and regional economic variations. Jewelers advise consumers to monitor prices closely before buying or selling.
Experts also highlight that international gold prices, currency fluctuations, and local economic conditions directly affect the Iraq gold market. Traders say Iraqi investors often use gold as a hedge against currency volatility, especially when the US dollar fluctuates.
Overall, gold remains a preferred investment and wealth-preserving asset in Iraq. The Iraq gold market continues to respond to domestic demand, regional trends, and global economic signals. Officials expect prices to remain active in both Baghdad and Erbil in the coming days.