Gold prices continue their upward trend across Iraq as investors respond to local and regional market activity. Gold prices rise steadily in Baghdad and Erbil, reflecting strong demand and cautious market sentiment. Analysts note that both urban centers show similar growth patterns, signaling a nationwide trend.
In Baghdad, 21-carat gold on Al-Nahr Street sold at 1,059,000 IQD per mithqal, up from 1,044,000 IQD on the previous day. The buying price reached 1,055,000 IQD. Iraqi 21-carat gold sold slightly lower, with prices ranging between 1,025,000 and 1,029,000 IQD per mithqal. Gulf, Turkish, and European varieties maintained a selling range of 1,060,000 to 1,070,000 IQD. Traders attributed the increase to local demand and cautious investor behavior.
In Erbil, 22-carat gold sold for 1,160,000 IQD per mithqal, 21-carat for 1,105,000 IQD, and 18-carat for 949,000 IQD. Jewelry shops reported steady purchases from both individual buyers and small investors. Gold prices rise in Baghdad and Erbil, showing a clear regional alignment in valuation. Analysts suggest that investors view gold as a safe asset amid economic uncertainties.
Market observers highlighted that gold price movements often mirror currency fluctuations and global trends. With local currency markets showing minor volatility, many buyers turned to gold for protection against purchasing power erosion. This trend has created small but consistent daily gains across Baghdad and Erbil markets.
Traders also noted differences between imported and local gold varieties. Gulf and European gold commanded slightly higher premiums due to purity certification and international demand. Iraqi gold remained more affordable, appealing to everyday consumers and smaller investors. Overall, gold prices rise steadily as both imported and local varieties gain traction.
Economic analysts said that rising gold prices may encourage further market participation. Investors seeking safe assets view gold as a hedge against inflation and exchange rate fluctuations. Baghdad and Erbil markets provide a clear picture of public sentiment, reflecting both consumer and investment trends.
Despite the increase, gold remains within predictable trading ranges. Sellers and buyers continue to monitor fluctuations closely. Jewelry shops adjust daily prices in line with market activity, maintaining transparency and competitiveness.
Gold prices rise across Iraq’s main urban markets, demonstrating strong demand and investor confidence. Baghdad and Erbil show consistent patterns, reflecting the importance of gold as a financial instrument. Traders expect moderate growth in the coming days, depending on local currency stability and regional economic conditions.