Gold prices in Iraq moved higher in both Baghdad and Erbil, drawing attention from buyers and traders. This new increase in Iraq gold prices created a shift in local jewelry markets and street-level trading.
In Baghdad’s famous Al-Nahr Street, traders reported higher rates for 21-carat gold. The selling price reached 670,000 Iraqi dinars per mithqal, which equals five grams. The buying price stood slightly lower at 666,000 dinars. This rate applied to imported gold, including Gulf, Turkish, and European varieties.
Local Iraqi gold saw different rates. Sellers in Baghdad offered 21-carat Iraqi gold at 650,000 dinars per mithqal. Buyers paid around 646,000 dinars for the same amount. Though lower than foreign gold, demand for local gold remained steady due to its availability and trusted quality.
Jewelry stores displayed slight price differences. They sold 21-carat Gulf gold between 670,000 and 680,000 dinars per mithqal. At the same time, 21-carat Iraqi gold ranged from 650,000 to 660,000 dinars. Prices changed slightly from shop to shop, depending on location and customer demand.
Erbil also saw activity in the gold market. Gold sellers offered 22-carat gold at 696,000 dinars per mithqal. Meanwhile, the 21-carat variety sold at 665,000 dinars. Those seeking lower-cost options turned to 18-carat gold, priced at 570,000 dinars per mithqal.
This continued rise in Iraq gold prices reflects international trends and local market pressure. Many traders say regional demand plays a major role in price movement. Some buyers rushed to purchase gold ahead of further increases.
Others waited, hoping prices would drop again. Despite higher costs, gold remains a popular investment and gift item across Iraq. Families often buy it for weddings, special occasions, or savings.
In both Baghdad and Erbil, gold sellers stayed busy. They adjusted prices frequently to match market activity. Customers compared prices across different stores to find better deals.
The Iraq gold prices also signaled potential changes in the broader economy. Jewelry traders and wholesalers tracked updates closely. With rising rates, more people may choose to hold their gold rather than sell.
For now, Iraq gold prices continue to rise, influencing markets, buying habits, and financial decisions across the country.