Gold prices in Iraq remain steady in Baghdad while showing a slight increase in Erbil. The stability in Baghdad reflects ongoing demand from investors and consumers, while Erbil’s increase points to growing local interest and investor activity.
In Baghdad’s Al-Nahr Street wholesale market, one mithqal (4.25 grams) of 21-carat Gulf, Turkish, and European gold sold for 785,000 dinars and bought at 781,000 dinars. These rates stayed consistent with previous trading sessions. Locally refined 21-carat Iraqi gold also held steady, with selling prices at 755,000 dinars and buying at 751,000 dinars.
Retail shops in Baghdad offered foreign gold between 785,000–795,000 dinars per mithqal. Iraqi gold prices ranged from 755,000–765,000 dinars. The stability in Baghdad indicates that market confidence remains high, and buyers continue their usual purchasing patterns without sudden fluctuations.
Meanwhile, Erbil experienced a modest rise in gold prices. Twenty-two-carat gold reached 840,000 dinars per mithqal, while 21-carat gold sold at 801,000 dinars. Eighteen-carat gold increased to 687,000 dinars. Traders in Erbil explained that increased local demand, investor activity, and cautious market optimism drove the upward trend.
Analysts note that Iraq’s gold market often reacts to both regional demand and global price trends. Baghdad’s stable prices contrast with Erbil’s slight increase, reflecting differences in buying behavior and market dynamics between the two cities. Investors and customers continue to watch prices closely, adjusting purchases to market movements.
Overall, Gold Prices in Iraq showed a combination of stability and gradual growth. Baghdad maintains steady trading levels, while Erbil experiences small increases. These trends reflect investor confidence and the perception of gold as a safe investment amid economic uncertainty. The mixed pattern highlights the importance of monitoring city-specific trends to understand the broader gold market in Iraq.