The Iraq Gold Price Drop continued on Thursday as traders in Baghdad and Erbil recorded lower prices across all gold categories. Markets opened with slower demand, and this shift encouraged sellers to adjust rates in both cities. Dealers noted a calm start to trading, and many customers waited for more clarity before making purchases.
In Baghdad, activity on Al-Nahr Street showed clear declines. Traders listed 21-carat Gulf, Turkish, and European gold at 831,000 IQD per mithqal. Buyers offered 827,000 IQD in response. Iraqi-made 21-carat gold followed this trend and reached 801,000 IQD for selling and 797,000 IQD for buying. Many shop owners said clients checked prices frequently because the market moved quickly. They also said customers showed interest but preferred to wait for more drops before committing.
Retail shops across the capital mirrored these movements. Sellers placed 21-carat Gulf gold between 830,000 and 840,000 IQD. Iraqi 21-carat gold appeared slightly cheaper, ranging from 800,000 to 810,000 IQD. Jewelers said this change helped increase store visits during the morning hours. However, they added that actual sales stayed modest because customers expected more reductions.
Meanwhile, Erbil markets reported similar declines. Traders sold 22-carat gold for 876,000 IQD, while 21-carat reached 835,000 IQD. Prices for 18-carat gold settled at 715,000 IQD. Sellers in Erbil said the region followed the broader national movement as global factors influenced the local market. They also said buyers kept a close eye on international bullion trends.
The Iraq Gold Price Drop created new interest from shoppers who planned for winter purchases. Many families monitored the market for wedding gold, seasonal gifts, and long-term savings. Traders said this interest could support stronger activity soon. They also said stable exchange rates may shape future prices.
Overall, the Iraq Gold Price Drop shaped trading behavior across Baghdad and Erbil. Markets moved steadily during the day as traders tracked regional and global developments.