Gold prices remained steady in both Baghdad and Erbil, bringing reassurance to buyers and traders alike. Iraq gold prices did not witness any major fluctuation, which encouraged steady market activity throughout both cities.
In Baghdad, gold sellers on al-Nahr Street kept their prices consistent. One mithqal, which equals 4.25 grams, of 21-carat Gulf, Turkish, or European gold sold for 635,000 IQD. Buyers could purchase the same gold at a slightly lower rate of 631,000 IQD.
At the same time, 21-carat Iraqi gold traded for 605,000 IQD when selling and 601,000 IQD when buying. Jewelry shops showed only slight variations. Prices for one mithqal of Gulf gold ranged from 640,000 to 650,000 IQD. Iraqi gold sold for slightly less, between 605,000 and 615,000 IQD.
Moving north to Erbil, the capital of the Kurdistan Region, gold prices followed a similar pattern. The market maintained price levels despite broader economic shifts. One mithqal of 22-carat gold sold for around 680,000 IQD. In comparison, 21-carat gold traded at 650,000 IQD, and 18-carat gold held a price of roughly 557,000 IQD.
Jewelry vendors in Erbil reported stable customer interest, supported by the unchanged prices. Many shoppers visited stores to either purchase or compare prices, expecting possible movements but seeing none.
Market observers in both cities emphasized that Iraq gold prices have remained within predictable levels for the past several weeks. Although global markets have shown fluctuations, local prices stayed resilient. This price stability reflects continued supply consistency and balanced demand from consumers.
Retailers explained that the local demand for both imported and Iraqi gold remains steady. However, customers are now more price-sensitive and selective about carat levels. In particular, 21-carat gold remains the most popular choice among buyers in both cities.
As Iraq gold prices continue holding steady, traders believe the market will stay calm unless significant global changes occur. Buyers, for now, can rely on the consistency of local pricing, giving them more confidence in gold transactions.