Gold prices dipped slightly on Thursday in Iraq’s key markets. Both Baghdad and Erbil recorded small changes in the buying and selling rates of various gold types. The Iraq gold price update reflects shifting local demand and global trends.
In Baghdad’s Al-Nahr Street market, 21-carat gold of Gulf, Turkish, and European origin sold for 657,000 Iraqi Dinars per mithqal (five grams). The buying price was slightly lower at 653,000 Dinars. Iraqi-made 21-carat gold was cheaper, with a selling price of 637,000 Dinars and a buying price of 633,000 Dinars.
Local jewelry stores showed minor differences. Gulf 21-carat gold ranged between 660,000 and 670,000 Dinars. Iraqi 21-carat gold was offered at prices between 640,000 and 650,000 Dinars.
In Erbil, gold prices remained competitive. The market recorded 22-carat gold at 680,000 Dinars per mithqal. Meanwhile, 21-carat gold sold for 650,000 Dinars, and 18-carat gold was priced at 557,000 Dinars.
The Iraq gold price update helps traders and buyers follow the latest market shifts. While changes were small, they show continued movement in Iraq’s gold market. Buyers are adjusting to price variations depending on origin and carat value.
Jewelry sellers in both cities confirm that customers are still purchasing, though many prefer locally produced gold due to slightly lower costs. Traders note that demand often rises on weekends and holidays when weddings and gifts drive purchases.
Overall, the Iraq gold price update shows that the market remains active. The price differences between local and imported gold continue to affect consumer choices. However, both remain in steady demand across the country.