Iraq gold prices held steady at 1,120,000 IQD per mithqal in Baghdad, while Erbil recorded slight declines. Traders reported balanced demand in the capital. Meanwhile, Erbil markets showed softer pricing across several carats.
On Baghdad’s Al-Nahr Street, 21-carat gold sold for 1,120,000 IQD per mithqal. One mithqal equals five grams. Dealers bought the same type at 1,116,000 IQD. Therefore, Iraq’s gold prices remained stable in the capital.
Iraqi 21-carat gold sold for 1,090,000 IQD per mithqal in Baghdad. Traders purchased it at 1,086,000 IQD. As a result, local varieties traded below imported Gulf and Turkish gold.
In jewelry shops, 21-carat Gulf gold ranged between 1,120,000 and 1,130,000 IQD per mithqal. At the same time, Iraqi gold ranged between 1,090,000 and 1,100,000 IQD. This variation reflected craftsmanship differences and brand preference.
However, Erbil markets edged lower compared to previous sessions. Dealers sold 22-carat gold for 1,181,000 IQD per mithqal. Meanwhile, 21-carat gold reached 1,128,000 IQD. In addition, 18-carat gold traded at 966,000 IQD. These figures indicate a modest dip in regional pricing.
Market analysts link gold movement to currency fluctuations and global trends. When exchange rates shift, local bullion prices adjust quickly. Therefore, traders monitor both international gold benchmarks and domestic currency markets.
Despite the softer tone in Erbil, Iraq, gold prices overall remain near recent averages. Baghdad buyers maintained steady activity throughout the session. On the other hand, Erbil traders reported slightly reduced demand.
Gold remains a preferred store of value in Iraq. Consumers often purchase gold for savings and weddings. Consequently, even small price movements attract attention in both cities.
Looking ahead, traders expect limited volatility unless global markets shift sharply. If international gold prices rise, Iraq gold prices may follow. Conversely, weaker global demand could apply downward pressure.
For now, Iraq gold prices reflect stability in Baghdad and mild easing in Erbil. Market participants will watch upcoming sessions for clearer direction.