Iraq gold prices rise to 1.09 million IQD per mithqal in Baghdad and Erbil markets. Traders reported continued upward movement across major trading hubs. The increase reflects stronger demand and global price pressure.
In Baghdad, gold shops on Al-Nahr Street recorded higher rates for 21-carat gold. Sellers priced one mithqal, equal to five grams, at 1,073,000 IQD. Meanwhile, buyers offered 1,069,000 IQD. Previously, the same gold sold at 1,050,000 IQD. Therefore, the market posted a clear daily gain of 23,000 IQD.
In addition, 21-carat Iraqi gold also recorded higher levels. Sellers offered it at 1,043,000 IQD per mithqal. Buyers paid 1,039,000 IQD. These figures confirmed a consistent upward trend across different gold types.
Jewelry stores in Baghdad showed slightly varied prices. The selling price for 21-carat Gulf gold ranged between 1,075,000 and 1,085,000 IQD per mithqal. At the same time, Iraqi gold ranged between 1,045,000 and 1,055,000 IQD. Iraq gold prices rise to 1.09 million IQD per mithqal in Baghdad and Erbil as retailers adjust margins.
In Erbil, the market followed the same direction. Traders sold 22-carat gold at 1,140,000 IQD per mithqal. Moreover, 21-carat gold reached 1,088,000 IQD. Meanwhile, 18-carat gold stood at 933,000 IQD. These prices highlighted stronger performance in higher purity categories.
Market observers linked the increase to international gold trends. When global prices climb, local markets usually respond quickly. In addition, currency fluctuations influence domestic gold rates. Therefore, investors often turn to gold as a safe asset during uncertainty.
Many buyers monitor daily changes closely. Even small shifts can affect purchasing decisions. As prices rise, some customers delay purchases. However, others buy quickly to secure current rates before further increases.
Iraq gold prices rise to 1.09 million IQD per mithqal in Baghdad and Erbil, reinforcing the upward momentum seen in recent sessions. Dealers expect continued volatility depending on global demand and exchange rate movements.
Overall, both Baghdad and Erbil recorded synchronized increases. The markets showed steady activity and stable supply. Traders now watch international signals and currency trends to predict the next move.