Gold prices in Iraq showed a slight drop, affecting buyers and sellers across Baghdad and Erbil. This decline impacted various gold varieties, including both local and imported types. Many shopkeepers and customers in Baghdad noticed the shift early in the day.
On Al-Nahr Street in Baghdad, traders adjusted prices quickly. The selling price for 21-carat gold reached 654,000 Iraqi dinars per mithqal. A mithqal equals five grams. Buyers paid 650,000 dinars during morning trading. These prices covered gold from the Gulf, Turkey, and Europe.
At the same time, the price of 21-carat Iraqi gold stood lower. Sellers listed it at 624,000 dinars, while buyers paid around 620,000 dinars. This drop made Iraqi gold slightly more attractive to local consumers looking for better deals.
Meanwhile, jewelry stores around Baghdad followed similar pricing. Many offered 21-carat Gulf gold between 655,000 and 665,000 dinars. Iraqi gold ranged from 625,000 to 635,000 dinars. These prices reflected the mild decline seen throughout the day.
In Erbil, a comparable trend developed. Shops reported the price of 22-carat gold at 685,000 dinars per mithqal. For 21-carat gold, prices hovered near 655,000 dinars. Even 18-carat gold dropped to about 560,000 dinars. Traders across Erbil responded to market conditions quickly, aiming to stay competitive.
Iraq gold prices often shift due to changes in global markets. A weaker dollar or uncertain economic news can affect local pricing. Despite the current drop, many traders believe demand will remain steady.
Throughout Iraq, gold remains a trusted form of savings. Families often buy gold for weddings, gifts, and long-term investment. This cultural tradition continues to influence the market. Even when prices move slightly, interest in gold never fades.
As economic conditions fluctuate, Iraq gold prices may see further changes. However, gold’s reputation as a safe investment stays strong. Both Baghdad and Erbil traders remain optimistic about future sales.