In Iraq, gold prices surge once again, reflecting a strong demand across major markets. Both Baghdad and Erbil recorded noticeable increases in gold prices, especially for the popular 21-carat category. This trend highlights how Iraq gold prices surge in response to shifting market forces.
In Baghdad, the Al-Nahr Street market remained very active. Here, the price for 21-carat gold per mithqal—equal to five grams—reached 659,000 IQD. This rate applied to Gulf, Turkish, and European gold varieties. The buying rate hovered just slightly lower, around 655,000 IQD. These consistent changes show that Iraq gold prices surge steadily across all market levels.
Meanwhile, local 21-carat Iraqi gold remained slightly cheaper. Sellers offered it at 629,000 IQD per mithqal. Buyers could acquire it for 625,000 IQD. Although this difference seems small, it still draws attention from many Iraqi consumers looking for affordable options.
Jewelry shops across Baghdad offered more price flexibility. The 21-carat Gulf gold sold between 660,000 and 670,000 IQD per mithqal, depending on the shop. Iraqi gold, on the other hand, was sold for prices ranging between 630,000 and 640,000 IQD. These variations often reflect each store’s brand, location, or customer service style.
Erbil followed a similar pattern. The city’s markets also showed that Iraq gold prices surge, especially for premium items. The price of 21-carat gold hit 660,000 IQD per mithqal. Lower-carat gold also gained in value. For instance, 18-carat gold sold at 565,000 IQD per mithqal, a price appreciated by budget-focused shoppers.
These increases result from several factors. Regional demand plays a major role, along with fluctuations in global gold prices. Jewelers also report that wedding season and upcoming holidays always boost interest. As demand grows, so do prices. This pattern reinforces the fact that Iraq gold prices surge during periods of high demand.
In both cities, shopkeepers believe prices could rise again soon. This expectation has encouraged more buyers to make early purchases. Additionally, some investors are turning to gold as a safe option during economic uncertainty. Gold remains a trusted store of value in Iraq, especially during unstable financial times.
As these developments unfold, all eyes remain on market activity in Baghdad and Erbil. Price shifts may continue in the coming days as supply chains and demand levels shift. For now, the clear message is that Iraq gold prices surge across key markets, influencing buyers and sellers alike.