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Gold Market Holds Firm in Baghdad While Erbil Sees Uptick

Gold Prices in Iraq opened Tuesday with mixed trends across Iraq’s major markets. Baghdad recorded stability, while Erbil posted a noticeable increase in trading levels. Prices hovered around 936,000 Iraqi dinars per mithqal for 21-carat gold. Market data came from a Shafaq News survey covering local exchanges.

Traders in Baghdad reported steady activity on Al-Nahr Street. Wholesale 21-carat Gulf, Turkish, and European gold sold at 936,000 dinars per mithqal. The buy price stayed at 932,000 dinars with no change from Monday. Iraqi-made 21-carat gold traded slightly lower at 906,000 dinars for selling. Buyers offered around 902,000 dinars for the same category.

Jewelry shops in the capital showed a wider retail spread. Prices for imported 21-carat gold ranged between 940,000 and 950,000 dinars per mithqal. Local Iraqi 21-carat jewelry ranged between 910,000 and 920,000 dinars. Dealers noted stable demand despite global uncertainty.

In Erbil, the market moved upward compared to Baghdad’s stability. 22-carat gold sold at 984,000 dinars per mithqal. Meanwhile, 21-carat gold reached 940,000 dinars, and 18-carat stood at 805,000 dinars. This gap highlighted regional variation in pricing trends across Iraq.

Gold Prices in Iraq continue to reflect differences between wholesale hubs and retail markets. Erbil’s stronger pricing suggests higher demand or tighter supply conditions in northern markets. Baghdad, however, maintained a balanced trading environment with minimal daily change.

Analysts expect short-term stability unless global gold rates shift sharply. Currency fluctuations and regional demand may still influence future movement. For now, Gold Prices in Iraq remain steady overall, with localized increases shaping market sentiment.