Iraqi gold prices moved higher in Baghdad, while Erbil showed a softer market. Traders in the capital reported stronger demand for 21-carat gold. Meanwhile, Erbil dealers posted lower rates across several gold categories. Therefore, the two major markets showed different price directions.
In Baghdad, Al-Nahr Street remained the main focus for gold traders. Dealers offered 21-carat foreign gold at about 918,000 Iraqi dinars per mithqal. This category included Gulf, Turkish, and European gold varieties. Buyers also offered around 914,000 Iraqi dinars per mithqal.
The latest figures showed a clear rise in Baghdad’s gold market. Foreign 21-carat gold had traded near 883,000 Iraqi dinars in the previous session. As a result, the capital recorded a sharp upward movement. This increase reflected stronger buying activity and tighter local supply.
Meanwhile, Iraqi 21-carat gold remained cheaper than foreign gold in Baghdad. Dealers placed their selling price at around 888,000 Iraqi dinars per mithqal. They also bought Iraqi gold at about 884,000 Iraqi dinars per mithqal. Therefore, the price gap between local and foreign gold remained clear.
Jewelry stores also showed higher retail prices across the capital. Shops offered 21-carat Gulf gold between 920,000 and 930,000 Iraqi dinars per mithqal. At the same time, Iraqi gold ranged between 890,000 and 900,000 Iraqi dinars. Consequently, buyers faced different prices based on origin and quality.
However, Erbil moved in another direction during the same market period. Gold prices there slipped slightly compared with Baghdad’s stronger movement. Dealers offered 22-carat gold at around 958,000 Iraqi dinars per mithqal. Meanwhile, 21-carat gold reached about 915,000 Iraqi dinars per mithqal.
Erbil shops also listed 18-carat gold at about 785,000 Iraqi dinars per mithqal. This lower category continued to attract budget-focused buyers. Moreover, some customers preferred lighter jewelry because of high market prices. As a result, demand patterns varied between carat levels.
Iraq’s gold prices often move because of global bullion trends. They also react to local exchange rates and consumer demand. Additionally, the costs of jewelry shops can impact the final retail prices. Therefore, shoppers may see different rates between wholesale markets and stores.
The Baghdad increase may pressure buyers who plan major gold purchases. However, sellers could benefit from stronger local prices. Meanwhile, Erbil’s lower movement may attract some buyers seeking better value. This contrast gives customers more reason to compare prices.
Overall, Iraq’s gold prices showed a mixed picture across key markets. Baghdad recorded stronger rates, while Erbil posted softer figures. Moreover, foreign gold continued to sell above Iraqi gold in the capital. Traders will now watch demand, currency movement, and global gold prices.
