Gold prices decline in Iraq’s major markets, reflecting softer demand and regional trends. Traders reported that buyers showed caution as prices moved downward. According to a survey, Baghdad’s Al-Nahr Street recorded 21-carat gold selling at 772,000 IQD per mithqal. The buying price stood at 768,000 IQD. Gulf, Turkish, and European varieties followed similar patterns, signaling a broad market adjustment.
Iraqi 21-carat gold sold at 742,000 IQD per mithqal, with a buying price of 738,000 IQD. Jewelry stores in Baghdad reported slight variations due to local supply and demand conditions. Gulf gold ranged between 770,000 and 780,000 IQD per mithqal. Iraqi gold traded between 740,000 and 750,000 IQD. Shopkeepers noted that buyers were negotiating more actively, reflecting uncertainty in the market.
In Erbil, gold prices also softened. Traders sold 22-carat gold at 820,000 IQD per mithqal. The 21-carat variety reached 783,000 IQD, while 18-carat gold traded at 670,000 IQD. Local jewelers said these changes follow both global trends and fluctuations in regional exchange rates. Residents adjusting their purchases contributed to temporary price volatility.
Analysts expect Iraq gold prices to remain sensitive to foreign market trends and local demand. Jewelry stores are offering a wide variety of gold grades to attract customers. Buyers and investors are advised to monitor rates carefully before trading.
The Iraq gold prices decline in Iraq’s major markets reflects ongoing market adjustments in both Baghdad and Erbil. Financial observers note that cautious buying and selling will likely continue until trends stabilize. Meanwhile, the gold market remains an important indicator of local economic sentiment.