Baghdad – Iraq gold prices rise in Baghdad markets, while rates move lower in Erbil, creating mixed signals across the country. Traders report active buying in the capital, while demand softens in the Kurdistan Region.
In Baghdad’s wholesale markets on Al-Nahr Street, sellers priced one mithqal, about five grams, of 21-carat Gulf, Turkish, and European gold at 1,072,000 IQD. Buyers offered 1,068,000 IQD for the same amount. The previous rate stood at 1,066,000 IQD, which shows a clear increase.
Meanwhile, 21-carat Iraqi gold reached 1,042,000 IQD for selling and 1,038,000 IQD for buying. Traders confirmed steady customer demand in the capital despite the higher prices. Many buyers still prefer gold as a safe store of value.
Retail shops in Baghdad also reflected the upward trend. Jewelers offered 21-carat Gulf gold between 1,075,000 and 1,085,000 IQD per mithqal. At the same time, Iraqi gold ranged between 1,045,000 and 1,055,000 IQD. Shop owners reported stable sales, especially for wedding and investment purchases.
In contrast, Erbil markets recorded a decline. Dealers priced 22-carat gold at 1,154,000 IQD per mithqal. They set 21-carat gold at 1,102,000 IQD, while 18-carat gold reached 945,000 IQD. Traders linked the decrease to slower demand and cautious buying behavior.
Market analysts say Iraq gold prices rise in Baghdad due to stronger trading activity and currency movement. However, Erbil traders point to different supply levels and local demand patterns. These regional differences often create price gaps between the two cities.
Furthermore, investors closely watch gold trends as global market signals shift. When confidence in currencies weakens, many people turn to gold. Therefore, Iraq gold prices rise in Baghdad as buyers seek stability. On the other hand, short-term corrections can push prices down in other cities.
Economists explain that gold remains a key asset in Iraq’s economy. Families buy gold for savings, gifts, and long-term security. Traders adjust daily prices based on international rates and local exchange movements.
In summary, Iraq gold prices rise in Baghdad but decline in Erbil. Wholesale and retail markets in the capital show higher rates, while Erbil records softer prices. Buyers and traders continue to monitor daily changes carefully.