Iraq reports gold prices remained stable across Baghdad and Erbil markets, reflecting steady local demand and consistent international trends. According to market surveys, 21-carat gold sold at 754,000 IQD per mithqal in Baghdad, including Gulf, Turkish, and European varieties, while buyers paid 750,000 IQD.
Iraqi 21-carat gold sold slightly lower, with a selling price of 724,000 IQD and a buying price of 720,000 IQD. Jewelry shops reported small variations, as Gulf gold ranged between 755,000 and 765,000 IQD per mithqal. Similarly, Iraqi gold sold for 725,000 to 735,000 IQD.
Meanwhile, Erbil’s gold market showed strong stability. Sellers offered 22-carat gold at 802,000 IQD per mithqal, 21-carat gold at 765,000 IQD, and 18-carat gold at 655,000 IQD. Market observers noted that steady gold prices reflect a combination of domestic investor confidence and global gold market trends.
Analysts explained that gold prices often fluctuate due to currency changes, import costs, and international market trends. However, Iraq maintained stability as banks and traders coordinated closely to manage supply and demand effectively. Furthermore, investors increasingly view gold as a secure asset, reinforcing consistent pricing across different cities.
The stability of gold prices based on Iraq reports, affects jewelry businesses, which benefit from predictable buying and selling conditions. Buyers in Baghdad and Erbil can purchase gold with confidence, while sellers plan inventory and pricing strategies without sudden surprises.
Moreover, the stable market encourages small investors to buy gold as a safe investment option. Economists argue that stable gold prices contribute to economic security, protect personal savings, and provide a hedge against inflation.
In conclusion, Iraq’s gold markets in Baghdad and Erbil continue to show stability. The steady prices support both investors and local businesses, ensuring consistent trade and economic confidence.