Gold prices rose sharply in Iraq, climbing in both Baghdad and Erbil markets. Traders reported increased demand across local exchanges. As a result, buyers and sellers adjusted their prices quickly. The gold prices rise in Iraq markets reflects both local and global trends.
In Baghdad, wholesale markets on Al-Nahr Street recorded higher rates for 21-carat gold. Gulf, Turkish, and European gold sold at 958,000 IQD per mithqal. Buyers paid 954,000 IQD, up from 940,000 IQD previously. Iraqi 21-carat gold also rose, selling at 928,000 IQD per mithqal and buying at 924,000 IQD. The gold prices rise in Iraq markets encouraged many traders to update their offers throughout the day.
Jewelry shops in Baghdad mirrored these trends. Gulf gold ranged between 960,000 and 970,000 IQD per mithqal, while Iraqi gold sold for 930,000 to 940,000 IQD. These increases show that both wholesale and retail markets follow similar patterns. Customers noticed higher rates, especially for premium gold types.
Meanwhile, in Erbil, gold prices also rose across all main categories. Traders sold 22-carat gold at around 1,007,000 IQD per mithqal. The 21-carat version reached 962,000 IQD, while 18-carat gold sold at approximately 825,000 IQD. The rise followed Baghdad’s market movements closely, showing a coordinated trend across Iraq. Consequently, investors and jewelers adjusted their buying strategies.
Economists explained that gold prices rise in Iraq markets due to both local demand and global metal price trends. Investors often buy gold as a safe investment during uncertain economic periods. Furthermore, changes in international gold prices directly influence local markets. Therefore, Baghdad and Erbil traders remain alert to world market updates.
Additionally, small-scale traders and jewelry shops rely on timely market information. They update selling and buying prices daily to match fluctuations. The gold prices rise in Iraq markets impacts household savings and investment decisions. Citizens buying gold to preserve value notice price adjustments immediately.
Overall, the increase in gold prices highlights Iraq’s active market conditions. Both Baghdad and Erbil show rising trends across carats and origins. Traders, investors, and buyers respond quickly to shifts in demand and supply. Furthermore, the changes reflect wider economic concerns, encouraging people to invest in precious metals.
In short, gold prices rise in Iraq markets, affecting Baghdad and Erbil. Traders, jewelers, and buyers must follow prices carefully. Gold remains a key investment for many Iraqis.