Iraq gold prices saw a slight rise in Baghdad markets on Wednesday, while prices in Erbil held steady. Gold traders across the capital adjusted their rates in response to increasing local demand and global price pressure.
On Baghdad’s well-known Al-Nahr Street, the selling price for 21-carat gold reached 659,000 dinars per mithqal. This included gold from Gulf countries, Türkiye, and Europe. Meanwhile, the buying price stood at 655,000 dinars. The prices reflected growing interest among consumers and investors.
Traders also reported changes in the prices of Iraqi-made gold. The selling price for 21-carat Iraqi gold was 629,000 dinars per mithqal, while buyers paid around 625,000 dinars. This price range attracted many local buyers who prefer domestic products.
Moreover, jewelry shops in Baghdad showed slight variations in gold prices. The selling price for Gulf 21-carat gold ranged between 660,000 and 670,000 dinars. On the other hand, Iraqi 21-carat gold sold for 630,000 to 640,000 dinars. These changes highlight the influence of brand origin on pricing.
In contrast, Erbil’s gold market remained unchanged. Sellers in the city offered 22-carat gold at 685,000 dinars per mithqal. For 21-carat gold, the price stayed at 655,000 dinars, while 18-carat gold sold for 560,000 dinars. Traders in Erbil noted stable demand, with no major shifts in price.
Despite the unchanged rates in Erbil, many buyers continue watching global market movements. International gold prices, along with currency exchange rates, impact Iraq gold prices. Since gold often acts as a hedge against inflation, its demand usually rises when currency values drop.
As Iraq gold prices rise in Baghdad, shop owners are stocking more Gulf and Turkish gold. These varieties attract buyers seeking quality and resale value. In contrast, some local shoppers still prefer Iraqi gold for its familiar design and lower cost.
This price activity comes at a time when economic uncertainty is pushing more people toward gold as a safe investment. Rising interest in the metal may lead to more fluctuations in the coming days.
If this trend continues, more gold price changes could appear across Iraq’s major markets.