Baghdad gold prices remained stable on Sunday, while Erbil recorded modest gains across several gold categories.Market activity showed different price movements between the two Iraqi cities. The latest figures came from a market survey conducted on August 16.
Gold dealers on Baghdad’s Al-Nahr Street kept the 21-carat rate unchanged. They quoted 950,000 Iraqi dinars for one mithqal, which equals five grams. The rate covered Gulf, Turkish, and European varieties of 21-carat gold. Dealers also offered 946,000 dinars when buying the same gold.
The Baghdad market showed little movement compared with Saturday’s prices. Baghdad gold prices therefore continued to trade near the 950,000-dinar level. The stability reflects a quiet trading session among local gold merchants.
Iraqi-made gold remained cheaper than imported varieties in the capital. Sellers priced 21-carat Iraqi gold at 920,000 dinars per mithqal. Buyers could sell the same gold to dealers for around 916,000 dinars. That created a noticeable gap between Iraqi gold and several imported varieties.
Retail jewelry shops posted slightly wider selling ranges during the session. Gulf 21-carat gold traded between 950,000 and 960,000 dinars per mithqal. Iraqi 21-carat gold ranged from 920,000 to 930,000 dinars. Store prices can vary depending on workmanship, design, and other retail costs.
Erbil reported a different trend on Sunday, with prices moving higher. Dealers listed 22-carat gold at 983,000 dinars per mithqal. The 21-carat rate reached 940,000 dinars, while 18-carat gold stood at 805,000 dinars.
The figures highlight a continued difference between gold markets in Baghdad and Erbil. Baghdad gold prices stayed firm, while Erbil showed stronger movement in its quoted rates. Local demand, market conditions, and currency movements can influence prices across both markets.
Gold remains an important asset for Iraqi households and investors. Many buyers view jewelry as both a personal purchase and a store of value. Daily price changes can therefore affect purchasing decisions, especially for higher-carat gold.
For shoppers, the quoted market rate does not always represent the final jewelry price. Retailers may add charges linked to craftsmanship and design. Buyers should also compare prices from several stores before completing a purchase.
Sunday’s figures suggest that Iraq’s gold market entered the new trading week with mixed signals. Baghdad maintained its previous level, while Erbil recorded firmer prices. Baghdad gold prices could continue to respond to international bullion movements and local market conditions in coming sessions.