Gold traders reported stable activity on Sunday as Gold prices in Baghdad and Erbil showed little movement across major markets. Merchants in both cities said demand remained moderate while prices stayed close to recent levels.
First, market monitoring in Baghdad confirmed that gold rates held near 1.085 million Iraqi dinars per mithqal. A mithqal equals five grams and serves as a standard measure in local gold trading.
Meanwhile, traders on the well-known Al-Nahr Street continued selling imported 21-carat gold at roughly 1.090 million dinars per mithqal. This category includes Gulf, Turkish, and European gold pieces.
At the same time, dealers purchased the same type of gold for around 1.086 million dinars. Prices stayed almost identical to Saturday levels, according to market sellers.
In addition, Iraqi-made 21-carat gold traded at slightly lower levels. Sellers offered it at about 1.060 million dinars per mithqal. Buyers, however, paid around 1.056 million dinars.
Furthermore, jewelry shops across Baghdad listed similar rates. Gulf gold jewelry sold between 1.090 million and 1.100 million dinars per mithqal. Local Iraqi gold pieces sold between 1.060 million and 1.070 million dinars.
Shop owners said stable exchange rates helped keep the market calm. They also noted that moderate consumer demand limited sudden price changes.
Meanwhile, the market in Erbil showed slightly different figures depending on gold purity. However, overall stability continued there as well.
For example, traders sold 22-carat gold for about 1.123 million dinars per mithqal. This type usually carries a higher price because it contains more pure gold.
Next, sellers priced 21-carat gold at about 1.072 million dinars per mithqal. Buyers interested in lighter jewelry often selected this category because it balances purity and durability.
Additionally, 18-carat gold traded at around 919,000 dinars per mithqal in Erbil markets. Many customers prefer this option for modern jewelry designs and lower prices.
Overall, merchants said Gold prices in Baghdad and Erbil remained stable due to balanced supply and steady demand. International gold trends also influenced local pricing during the day.
Looking ahead, traders expect gradual movement rather than sharp changes. However, global economic signals could affect local rates in the coming days.
For now, Gold prices in Baghdad and Erbil continue to reflect a calm market environment as buyers and sellers watch international developments closely.
