The gold price trend continues to show slight declines in Baghdad and Erbil markets this Sunday. Shafaq News reported the latest figures, signaling cautious investor sentiment.
In Baghdad, Al-Nahr Street gold markets recorded a selling price of 1.124 million IQD per mithqal for 21-carat gold. The buying price stood at 1.120 million IQD.
These values dropped slightly from Saturday, when 21-carat gold sold at 1.130 million IQD. Traders said market activity reflected minor fluctuations.
For Iraqi 21-carat gold, sellers set prices at 1.094 million IQD per mithqal. Buyers offered 1.090 million IQD, according to local shops.
Meanwhile, Gulf, Turkish, and European gold varieties remained popular. Selling prices ranged between 1.125 million and 1.135 million IQD per mithqal for 21-carat pieces.
Iraqi gold in stores sold slightly lower, with selling prices between 1.095 million and 1.105 million IQD per mithqal.
In Erbil, 22-carat gold commanded 1.180 million IQD per mithqal. 21-carat pieces sold for 1.128 million IQD, while 18-carat gold was priced at 967,000 IQD.
Experts said the gold price trend reflects a combination of regional economic uncertainty and ongoing demand from local buyers.
Investors often monitor Baghdad and Erbil markets closely because Iraqi gold shows stable liquidity compared to other commodities.
Traders noted that despite minor declines, gold remains a preferred store of value. Many buyers continue purchasing small amounts daily to hedge against currency fluctuations.
The gold price trend is also influenced by Gulf markets. Price movements in Dubai, Kuwait, and Saudi Arabia affect demand and local market rates.
Economic analysts suggest that small drops in gold prices may attract new buyers. They said gold remains a safe investment in volatile markets.
Overall, both Baghdad and Erbil continue to see steady activity. Jewelers report consistent interest in high-quality 21-carat and 22-carat gold.
Even with short-term price slips, experts say the gold price trend is likely to stabilize as demand maintains a solid floor.
