Iraq gold prices shift again, showing opposite movements in Baghdad and Erbil. The changes reflect regional demand and pricing behavior. Jewelry buyers and gold traders responded quickly to the latest updates across both cities.
Baghdad’s wholesale markets reported a decline in gold prices. On Al-Nahr Street, the price for 21-carat Gulf, Turkish, and European gold reached 653,000 IQD per mithqal. Buyers offered 649,000 IQD, which marked a drop from the previous day’s 658,000 IQD.
Meanwhile, Iraqi gold also recorded a lower price. Sellers charged 623,000 IQD per mithqal for 21-carat Iraqi gold. Buyers paid around 619,000 IQD. These values confirmed that Iraq gold prices shift downward in Baghdad.
Local shops in Baghdad quickly adjusted their prices. They sold 21-carat Gulf gold between 655,000 and 666,000 IQD. Iraqi gold ranged between 625,000 and 635,000 IQD. These variations showed how merchants tailored their prices for different customer budgets.
Although prices varied slightly, most shopkeepers followed the trend set by wholesale dealers. Buyers noticed the lower cost and increased their interest in local gold items.
While Baghdad saw a decline, Erbil posted a small increase. The price of 22-carat gold reached 685,000 IQD per mithqal. At the same time, 21-carat gold climbed to 655,000 IQD, and 18-carat gold rose to 560,000 IQD.
Unlike Baghdad, Erbil’s market reacted to higher demand for premium jewelry. As a result, traders raised prices slightly. Some customers still bought gold despite the price uptick.
Several reasons can explain why Iraq gold prices shift differently between Baghdad and Erbil. Seasonal shopping, merchant strategies, and regional preferences all influence gold sales.
Some traders also watch international markets to adjust prices quickly. Gold buyers tend to follow these changes, especially during holidays or economic uncertainty.
Iraq gold prices shift as Baghdad experiences a price drop while Erbil sees a slight increase. Shoppers and traders across both cities continue to monitor market activity closely.