Gold prices in Baghdad and Erbil climbed this week, reflecting growing demand and changing market conditions. Traders and consumers are adjusting quickly to fluctuations in the market, while investors increasingly seek gold as a safe-haven asset amid economic uncertainty and regional financial shifts.
A recent Shafaq News Agency survey recorded 21-carat gold selling at 741,000 IQD per mithqal in Baghdad. The buying price was 737,000 IQD. The survey covered Gulf, Turkish, and European varieties of gold. Meanwhile, Iraqi 21-carat gold sold for 711,000 IQD per mithqal, with a buying price of 707,000 IQD.
In local jewelry stores across Baghdad, Gulf gold ranged between 740,000 and 750,000 IQD per mithqal. Iraqi gold prices ranged between 710,000 and 720,000 IQD. Traders noted that these differences reflect quality, origin, and supply conditions in local markets.
In Erbil, 22-carat gold reached 785,000 IQD per mithqal. The 21-carat variety sold at 750,000 IQD, while 18-carat gold was priced at 643,000 IQD. Observers emphasized that demand for higher-carat gold in Erbil remains consistent, particularly among investors and buyers seeking long-term value.
Market analysts explained that gold prices rose steadily due to regional demand and global trends. Rising international uncertainty encouraged investors to seek safe-haven assets such as gold. This trend has affected traders, retailers, and buyers across Kurdistan. Analysts predict that gold prices will remain high in the coming weeks if global tensions continue.
Gold prices in Baghdad and Erbil serve as a key indicator of financial stability in Kurdistan. Local buyers closely monitor daily price changes to make informed purchasing decisions. Experts recommend comparing prices across multiple shops to secure the best deals.
The trend highlights the importance of gold as a reliable investment for both citizens and investors. Its rising demand shows gold’s role as a financial safeguard amid economic uncertainty and market fluctuations.