Gold prices drop in Iraq as the gold market shifts once more. In both Baghdad and Erbil, traders watched prices slip during recent trading sessions. Many buyers and sellers reacted fast because prices drop in Iraq, stirring cautious optimism among investors.
In Baghdad, traders on Al-Nahr Street worked briskly. They sold 21-carat gold at 662,000 IQD per mithqal. A mithqal equals five grams. Buyers offered 658,000 IQD for the same gold type. This included gold from the Gulf, Turkey, and Europe. Meanwhile, local gold stood slightly cheaper. Sellers offered 21-carat Iraqi gold at 632,000 IQD. Buyers placed offers around 628,000 IQD.
Moreover, jewelry stores across Baghdad showed price variations. The selling price for 21-carat Gulf gold ranged from 665,000 to 675,000 IQD per mithqal. Iraqi gold in these stores hovered between 635,000 and 645,000 IQD. This gap kept traders alert, especially since gold prices drop in Iraq triggered mixed reactions in the market.
Erbil markets also joined this trend. There, 22-carat gold stood at 693,000 IQD. For 21-carat gold, traders marked prices at 662,000 IQD. The lower 18-carat variety recorded prices around 567,000 IQD. Sellers kept adjusting offers to meet customer demands. Consequently, shoppers moved between different stores, seeking better bargains.
Therefore, many investors weighed their options carefully. They watched regional trends and international cues. As gold prices drop in Iraq, traders felt cautious yet curious about future shifts. Some buyers held off purchases, expecting further price dips. Others seized the chance to buy gold at slightly cheaper rates.
Meanwhile, traders predicted possible changes in the coming days. Shoppers and jewelers stayed vigilant. Currency fluctuations, regional events, and global gold rates all influenced local prices. Hence, the gold market in Iraq remains active and unpredictable.
In conclusion, as gold prices drop in Iraq, both Baghdad and Erbil markets keep buzzing. Investors continue tracking every fluctuation. People in Iraq hold strong ties to gold for savings and gifts. Thus, the gold market stays important for families and businesses alike.