Gold prices declined slightly across Baghdad and Erbil markets on Tuesday, with traders reporting lower values for several gold categories. The Iraq gold market remained active as buyers and sellers adjusted prices during the day. The latest figures showed differences between local and imported gold.
On Baghdad’s Al-Nahr Street, 21-carat Gulf, Turkish, and European gold sold for 960,000 IQD per mithqal. Buyers offered around 956,000 IQD for the same gold. The selling price reached 965,000 IQD on Monday, marking a small daily decrease.
Iraqi 21-carat gold remained cheaper than imported varieties in Baghdad. Sellers offered it at 930,000 IQD per mithqal. Buyers paid approximately 926,000 IQD for the same quantity. Jewelry shops reported prices ranging from 930,000 to 940,000 IQD.
Gulf 21-carat gold showed a higher range across Baghdad jewelry stores. Prices stood between 960,000 and 970,000 IQD per mithqal. Shop prices varied based on the type of jewelry and individual trading conditions. Customers therefore faced slightly different prices between stores.
Erbil markets recorded separate prices across different gold grades. Dealers sold 22-carat gold at about 984,000 IQD per mithqal. Twenty-one-carat gold reached around 940,000 IQD. Meanwhile, 18-carat gold traded at approximately 807,000 IQD per mithqal.
The figures highlight noticeable price differences between Baghdad and Erbil. They also show how gold purity affects retail values across both markets. The Iraq gold market continues to reflect changes in local trading conditions.
International gold prices can influence values in Iraqi markets. Currency movements may also affect the cost of imported gold. Local demand and jewelry-making costs can create additional differences between shops.
For consumers, daily market checks remain important before purchasing gold. Prices can change as traders respond to wider market movements. The Iraq gold market will remain closely watched by buyers, sellers, and jewelry businesses.