Iraq gold prices slide in Baghdad and Erbil, showing a modest decline across major markets. Traders reported lower rates for different gold varieties as market activity continued and buyers observed shifting demand. The decline reflects both local market conditions and global gold trends, influencing investor and consumer behavior.
In Baghdad, Al-Nahr Street stores listed 21-carat gold at 816,000 IQD per mithqal for Gulf, Turkish, and European types. The buying price stood at 812,000 IQD, while Iraqi 21-carat gold sold at 786,000 IQD, with a buying rate of 782,000 IQD. Jewelers noted that customers increasingly monitor price movements before making purchases.
Jewelry stores in Baghdad displayed varied rates depending on gold type. Gulf 21-carat gold ranged between 815,000 and 825,000 IQD per mithqal, while Iraqi gold traded from 785,000 to 795,000 IQD. Traders said that slight fluctuations occurred due to daily changes in demand and supply. Many buyers preferred Gulf varieties for their consistent quality and higher resale value.
In Erbil, gold prices followed a similar downward trend. 22-carat gold reached 887,000 IQD per mithqal, 21-carat goldsold for 847,000 IQD, and 18-carat gold traded at 726,000 IQD. Market observers said higher-carat gold remained more popular, slightly supporting stability in the region’s trading.
Analysts explained that Iraq gold prices are highly sensitive to global market shifts, exchange rate changes, and regional trade activities. Traders in both Baghdad and Erbil emphasized careful monitoring to make strategic buying and selling decisions.
As Iraq gold prices slide, investors remain cautious but see opportunities for long-term gain. Jewelers adjust rates regularly to match market conditions while maintaining competitive offers.
The trend reflects moderate market corrections influenced by Iraq’s broader economic situation and international gold prices. Transparent pricing in Baghdad and Erbil benefits traders, investors, and consumers seeking informed decisions.