Gold prices remained stable in Baghdad while showing upward movement in Erbil markets, highlighting ongoing trends in Iraq’s precious metals sector. Analysts note that gold prices are influenced by global fluctuations, local demand, and currency movements.
In Baghdad, 21-carat gold, including Gulf, Turkish, and European varieties, sold at 805,000 IQD per mithqal, with a buying price of 801,000 IQD. Iraqi 21-carat gold prices were slightly lower, with a selling price of 775,000 IQD and a buying price of 771,000 IQD. Jewelry stores reported Gulf gold ranging between 805,000 and 815,000 IQD, while Iraqi gold ranged from 775,000 to 785,000 IQD.
Meanwhile, Erbil’s gold markets recorded notable increases. The 22-carat gold sold at 870,000 IQD per mithqal, 21-carat at 830,000 IQD, and 18-carat at 712,000 IQD. Traders attribute the rise in Erbil to higher local demand and currency fluctuations affecting import costs.
Gold prices in Iraq remain an important indicator of economic trends and investor confidence. Baghdad and Erbil, while geographically close, often display different pricing due to market size, supply, and local buying patterns. Investors and buyers closely monitor these shifts to plan purchases and sales.
The current prices remained stable in Baghdad contrast with the Erbil increase, showing how regional factors and trading conditions affect gold. Both cities maintain a vital role in Iraq’s gold trade, supporting retail, jewelry, and investment sectors. Market experts emphasize that gold prices will continue to respond to both domestic developments and global economic conditions.
Overall, Iraq gold prices reflect broader market dynamics. Baghdad stability provides predictability for investors, while Erbil’s rise shows growing local interest and demand. Traders should follow daily trends as Iraq gold prices remain sensitive to international and regional influences.