Iraq’s bullion market showed stability as gold prices hold near 1.09 million IQD in Baghdad and Erbil. Traders reported limited movement across major jewelry hubs. This steady trend reflects balanced supply and demand in local markets.
In Baghdad, Al-Nahr Street recorded a selling price of 1.085 million IQD per mithqal for 21-carat gold. A mithqal equals five grams. Buyers paid 1.081 million IQD for the same category. Gulf, Turkish, and European varieties followed this pricing level.
Meanwhile, Iraqi 21-carat gold traded at lower levels. Sellers asked 1.055 million IQD per mithqal. Buyers offered 1.051 million IQD. Therefore, imported varieties maintained a higher value than local gold.
Jewelry stores across Baghdad showed slight variation in retail pricing. Shops priced 21-carat Gulf gold between 1.085 million and 1.095 million IQD per mithqal. In contrast, Iraqi gold ranged between 1.055 million and 1.065 million IQD. These small differences reflect shop margins and brand preferences.
Gold prices hold steady in Baghdad and Erbil despite regional market pressures. Traders continue to monitor global gold movements. However, local pricing remains stable within a narrow band.
In Erbil, the regional market presented different carat categories. Dealers sold 22-carat gold at 1.163 million IQD per mithqal. Meanwhile, 21-carat gold reached 1.110 million IQD. In addition, 18-carat gold traded at 952,000 IQD per mithqal.
These figures show stronger pricing for higher purity gold. Therefore, buyers often choose based on budget and preference. Some customers prefer 22-carat for investment value. Others select 18-carat for affordability and design flexibility.
Gold prices hold steady in Baghdad and Erbil as consumer demand remains consistent. Wedding seasons and savings trends often influence purchasing patterns. However, traders report no sudden surge in buying activity.
Market observers note that stability supports consumer confidence. When prices fluctuate sharply, buyers delay purchases. In contrast, steady prices encourage routine transactions. Therefore, current conditions favor balanced trade.
Exchange rate stability also plays a role in pricing. Minor currency changes can influence gold costs in local markets. Nevertheless, today’s rates supported price consistency.
Gold prices hold steady in Baghdad and Erbil, maintaining levels near 1.09 million IQD per mithqal. Dealers expect gradual movement rather than sharp swings unless global markets shift significantly.