The Iraq gold price drop appeared in Baghdad and Erbil markets as traders recorded lower rates for gold. Market activity showed a slight decline compared with the previous trading session.
Gold prices moved around 1.12 million Iraqi dinars per mithqal in both cities. One mithqal equals five grams of gold in local trading markets.
Traders on Baghdad’s well-known Al-Nahr Street reported new price levels for 21-carat gold. Selling prices reached about 1.124 million dinars per mithqal. Meanwhile, buying prices stood near 1.120 million dinars.
The Iraq gold price drop became clearer when compared with the previous session. The same 21-carat gold sold for about 1.130 million dinars earlier. Therefore, the market recorded a noticeable decrease.
Gold varieties from Gulf countries, Türkiye, and Europe followed the same trend. Dealers listed these types at similar prices in Baghdad’s central gold market.
Local Iraqi gold also recorded slightly lower prices. The selling price for 21-carat Iraqi gold reached about 1.094 million dinars per mithqal. Buyers offered around 1.090 million dinars for the same amount.
Jewelry stores across Baghdad showed small variations in retail prices. Shop owners set the selling price for 21-carat Gulf gold between 1.125 million and 1.135 million dinars per mithqal.
At the same time, Iraqi gold was sold between 1.095 million and 1.105 million dinars in many stores. Retail prices often vary depending on craftsmanship and design.
Meanwhile, markets in Erbil recorded similar movements during trading. Gold traders adjusted their prices to reflect market demand.
In Erbil, 22-carat gold sold for about 1.180 million dinars per mithqal. Meanwhile, 21-carat gold traded around 1.128 million dinars.
Lower-purity gold also appeared in the market at different rates. Dealers sold 18-carat gold at approximately 967,000 dinars per mithqal.
These figures confirmed Iraq’s gold price across major markets in the country. Traders continue to monitor changes in demand and international gold trends.
Gold remains a popular investment and savings option in Iraq. Many families purchase gold jewelry for long-term value and cultural traditions.
Because of this demand, small price changes attract attention in local markets. Traders and buyers watch daily price movements carefully.
The Iraq gold price drop may reflect shifts in regional market trends and currency movements. Local dealers often adjust prices according to global gold rates and exchange markets.
For now, Baghdad and Erbil markets continue active trading despite the price decline. Buyers and sellers remain engaged as the market responds to daily economic signals.