Gold prices fell slightly in Baghdad and Erbil markets at Sunday’s opening. The decline reflected small daily market adjustments rather than major shifts. Moreover, traders noted modest changes across different gold varieties. Therefore, Iraq gold prices showed a mild downward trend.
In Baghdad, 21-carat gold including Gulf, Turkish, and European varieties sold for 920,000 IQD per mithqal. Buying prices reached 916,000 IQD per mithqal. Previously, the same gold sold at 925,000 IQD per mithqal, marking a small decline.
For 21-carat Iraqi gold, the selling price stood at 890,000 IQD per mithqal, while buying prices were 886,000 IQD per mithqal. Jewelry stores in Baghdad listed Gulf gold between 920,000 and 930,000 IQD per mithqal, and Iraqi gold between 890,000 and 900,000 IQD per mithqal. These variations reflected supply and demand differences across stores.
In Erbil, 22-carat gold sold for 970,000 IQD per mithqal. The 21-carat variety reached 927,000 IQD, and 18-carat gold sold for 795,000 IQD per mithqal. These figures showed slight declines compared with the previous session.
Traders explained that small fluctuations result from daily changes in supply, import costs, and international gold prices. Moreover, regional differences between Baghdad and Erbil influence pricing. Local demand patterns also shape small price movements.
Despite the drop, market activity remained steady. Sellers kept margins stable, and buyers continued routine purchases. Therefore, Iraq gold prices showed calm market behavior overall.
Analysts note that such daily changes are normal in Iraqi gold markets. Seasonal demand or international market trends may influence larger shifts. However, short-term declines remain common.
Overall, Baghdad and Erbil both recorded minor decreases in gold prices. Gulf and foreign varieties followed similar trends. Meanwhile, Iraqi gold maintained slightly lower rates compared with imported gold.
Market observers expect continued monitoring. Traders and buyers watch daily fluctuations closely. Prices may adjust gradually depending on demand and supply factors.
In summary, Baghdad 21-carat gold sold for 920,000 IQD per mithqal, and Iraqi 21-carat gold for 890,000 IQD. In Erbil, 22-carat gold reached 970,000 IQD per mithqal, and 21-carat gold 927,000 IQD. Prices declined slightly but markets remained stable.