Gold prices in Iraq showed mixed movement, with declines in Baghdad and increases in Erbil. The gold market experienced noticeable shifts as buyers and sellers adjusted to changing rates. This difference in prices between the two cities highlighted the dynamic nature of the trade.
In Baghdad, the price of 21-carat gold dropped slightly on Al-Nahr Street. For Gulf, Turkish, and European varieties, the selling price stood at 670,000 IQD per mithqal, which equals five grams. The buying price reached 666,000 IQD. Meanwhile, 21-carat Iraqi gold sold for 640,000 IQD per mithqal and bought for 636,000 IQD. This marked a clear reduction compared to recent market levels.
Across Baghdad’s jewelry stores, Gulf gold prices ranged from 670,000 to 680,000 IQD per mithqal. Iraqi gold traded between 640,000 and 650,000 IQD. These figures reflected a steady yet slightly lower demand. Many shop owners attributed the fall to reduced purchasing activity in the capital.
In contrast, Erbil’s gold market moved in the opposite direction. Here, prices climbed across different types and carats. The selling price for 22-carat gold reached 702,000 IQD per mithqal. For 21-carat gold, the market recorded 670,000 IQD, while 18-carat gold sold for 575,000 IQD. This upward movement showed stronger buyer interest in Erbil.
The gap between Baghdad and Erbil gold prices reflected regional differences in supply and demand. Traders noted that Erbil often sees higher rates due to stronger tourism and external demand. Buyers in Baghdad, however, tend to wait for better bargains, pushing prices slightly down.
Overall, the Iraq gold prices in Baghdad and Erbil continued to move in different directions. While Baghdad faced a softening market, Erbil enjoyed a mild boost. Investors and jewelers will keep watching these shifts closely. Any changes in currency exchange or regional trade could influence the next moves.
This pattern showed that Iraq gold prices respond quickly to local market behavior. Shoppers seeking the best deal may find Baghdad more attractive, while those in Erbil may pay a premium. Both cities remain key hubs for gold trade in Iraq.