Gold prices stayed steady across Iraq on Sunday. Both Baghdad and Erbil markets reported no major changes in rates. The stability in gold prices reflects a balanced demand and supply.
On Baghdad’s Al-Nahr Street, the price of 21-carat gold stood at 650,000 IQD per mithqal. This rate included Gulf, Turkish, and European gold. The buying price for the same quality reached 646,000 IQD. These rates remained consistent with recent days.
Meanwhile, 21-carat Iraqi gold sold at 630,000 IQD per mithqal. Jewelers in Baghdad offered to buy it for 626,000 IQD. Prices remained close across various gold types.
Jewelry stores in Baghdad offered slight variations. The selling price for 21-carat Gulf gold ranged from 650,000 to 660,000 IQD. In comparison, 21-carat Iraqi gold sold between 630,000 and 640,000 IQD.
Erbil markets also showed steady prices. The 22-carat gold sold at 683,000 IQD per mithqal. The 21-carat gold reached 652,000 IQD. Meanwhile, 18-carat gold was available at 558,000 IQD.
This stability in gold prices benefits both buyers and sellers. Consumers can make clear decisions without sudden price changes. Traders also enjoy a predictable market.
The steady gold prices in Iraq show confidence in the local market. Many buyers feel comfortable making purchases at these levels. Sellers avoid losses due to wild price swings.
Jewelry shops continue to report regular sales activity. Buyers seek gold for savings, gifts, and investment. The clear pricing supports trust between buyers and jewelers.
As prices hold steady, Iraq’s gold market proves resilient. Baghdad and Erbil remain leading centers for gold trade. These cities attract both local and visiting buyers.
While international prices may change, Iraq’s market shows strong internal balance. Steady gold prices in Iraq reflect the broader economic calm. This also signals the strength of consumer demand.
Expectations remain stable for the near future. Buyers should still compare prices across stores. However, no large price shifts are likely unless global trends shift sharply.
With gold prices in Iraq unchanged, investors can watch the market closely. Many people use gold as a safe form of savings. This trend continues, especially in uncertain times.