Baghdad – Iraq gold prices gain in Baghdad and Erbil during midday trading. Markets recorded clear increases compared with the previous session. Iraq gold prices gain as demand strengthens across local jewelry markets.
Traders reported prices near 1.12 million IQD per mithqal in both cities. One mithqal equals five grams of gold. This rise marks a notable jump from the previous closing levels.
On Al-Nahr Street in Baghdad, 21-carat gold reached a selling price of 1.120 million IQD per mithqal. Buyers paid 1.116 million IQD for the same weight. The market had closed earlier at 1.104 million IQD. Therefore, prices increased by 16,000 IQD in one session.
Gulf, Turkish, and European 21-carat gold followed similar pricing trends. Meanwhile, Iraqi 21-carat gold recorded lower rates. Sellers offered it at 1.090 million IQD per mithqal. Buyers paid 1.086 million IQD.
Jewelry shops across Baghdad adjusted prices accordingly. Gulf 21-carat gold sold between 1.120 million and 1.130 million IQD. At the same time, Iraqi gold ranged between 1.090 million and 1.100 million IQD. These variations reflect brand preference and craftsmanship differences.
In Erbil, gold markets showed comparable momentum. Traders sold 22-carat gold at 1.178 million IQD per mithqal. They priced 21-carat gold at 1.125 million IQD. Meanwhile, 18-carat gold reached 965,000 IQD.
Iraq gold prices gain as global trends influence local markets. International bullion movements often shape domestic pricing. Therefore, local traders monitor global gold rates closely.
Furthermore, currency fluctuations also affect gold costs. When exchange rates shift, gold prices often respond quickly. As a result, investors track both currency and bullion markets.
The 16,000 IQD increase in Baghdad highlights short-term upward pressure. Traders expect continued movement if demand remains strong. However, sudden international changes could reverse gains.
Many buyers turn to gold during uncertain economic conditions. Gold offers a store of value and long-term security. Consequently, rising demand can push prices higher in local markets.
Retailers also report steady activity in jewelry sales. Weddings and seasonal purchases often boost demand. Therefore, market activity remains active in both Baghdad and Erbil.
In summary, Iraq’s gold prices have risen to around 1.12 million IQD per mithqal for 21-carat gold in Baghdad. Iraqi gold sells at 1.090 million IQD, while 22-carat gold in Erbil reaches 1.178 million IQD. Traders continue to monitor market shifts closely.