Gold prices in Iraq show shifted this week, with Baghdad seeing a decline while Erbil maintained stability. Traders and investors are closely watching these changes, as fluctuations affect buyers, sellers, and market confidence. The difference in trends highlights how local dynamics influence precious metal trading.
In Baghdad, 21-carat gold dropped slightly. The selling price reached 735,000 IQD per mithqal, while buyers paid 731,000 IQD. Iraqi gold of the same carat sold for 705,000 IQD, with a buying price of 701,000 IQD. Jewelry shops offered Gulf gold between 735,000 and 745,000 IQD per mithqal, showing minor variations depending on origin. Iraqi gold ranged from 705,000 to 715,000 IQD per mithqal. This drop in Baghdad reflects cautious investor activity and higher supply availability in local markets.
Meanwhile, Erbil’s gold market stayed steady. Traders set 22-carat gold at 778,000 IQD per mithqal. The price of 21-carat gold reached 743,000 IQD, while 18-carat gold sold at 637,000 IQD. This stability demonstrates consistent demand and balanced supply in the region. Investors and buyers in Erbil continue to rely on predictable pricing, which encourages local trade and reduces sudden market shocks.
Experts say the gold price trend highlights regional differences in Iraq. Baghdad’s market reacts quickly to domestic and international economic signals, while Erbil benefits from steady trade conditions and investor confidence. Analysts also note that the lower Baghdad prices could attract more buyers while stabilizing jewelry sales.
The gold prices in Iraq show that trend affects both consumers and the jewelry industry. When prices fall, buyers can purchase more for less, which may boost retail activity. Conversely, stable prices in Erbil provide a reliable environment for long-term planning and investments in the sector.
Gold traders in Iraq are expected to continue monitoring these trends closely. They anticipate that fluctuations in Baghdad and stability in Erbil will persist, reflecting both supply factors and market sentiment.