Gold prices in Iraq hold steady for another day, maintaining their current levels across major cities. This trend continues as local demand stays consistent. Iraqi gold prices hold steady in Baghdad and Erbil, without showing any significant change.
In Baghdad’s al-Nahr Street, the wholesale price of one mithqal of 21-carat gold from Gulf, Turkish, and European sources stayed at 665,000 IQD. Buyers continued to offer 661,000 IQD for the same gold, keeping the balance unchanged from the previous day. This stability signals strong control within the local gold market.
In addition, prices for locally made Iraqi gold also remained the same. One mithqal of 21-carat Iraqi gold sold at 645,000 IQD, while buyers offered 641,000 IQD. No price change shows that demand has neither increased nor dropped suddenly.
Jewelry shops in Baghdad reflected similar trends. There, 21-carat Gulf gold ranged between 665,000 and 675,000 IQD. Meanwhile, 21-carat Iraqi gold prices moved between 645,000 and 655,000 IQD. Many jewelers pointed out that customers are holding off on large purchases due to these flat prices.
In the northern city of Erbil, gold pricing showed no signs of fluctuation either. The market offered 22-carat gold at 692,000 IQD per mithqal. The 21-carat gold variety sold at 660,000 IQD, while the 18-carat version remained at 565,000 IQD. Iraqi gold prices hold steady, even in this vibrant regional capital known for brisk trading.
Across the country, analysts note that the stability in gold prices reflects a broader calm in the local market. The exchange rate of the Iraqi dinar has remained steady, helping gold retain its value. Since international gold prices also avoided major swings, local markets saw no reason to change rates.
Moreover, shop owners believe buyers are waiting for international signals or exchange rate movements before making new purchases. While global trends often influence local pricing, the current scenario keeps Iraq’s gold rates locked at their current levels. Iraqi gold prices hold steady, helping the market avoid sudden volatility.
With little external pressure and domestic demand staying stable, gold traders continue to monitor global markets for any changes. However, they expect prices to remain steady unless international or economic events shift dramatically.