Gold prices remained stable in Baghdad and Erbil, holding their levels from the previous day. This stability reflects a balanced local gold market despite regional economic uncertainty. Investors and traders now rely on steady prices to plan purchases and sales.
In Baghdad, 21-carat gold sold for 1.090 million IQD per mithqal, including Gulf, Turkish, and European varieties. Buyers paid 1.086 million IQD per mithqal, unchanged from Saturday. Iraqi 21-carat gold recorded a selling price of 1.060 million IQD and a buying price of 1.056 million IQD.
Jewelry stores reported slight variations depending on the type of gold. Gulf 21-carat gold sold between 1.090 million and 1.100 million IQD per mithqal. Iraqi 21-carat gold ranged between 1.060 million and 1.070 million IQD. Traders said demand remained consistent throughout the day.
In Erbil, 22-carat gold sold for 1.123 million IQD per mithqal. 21-carat gold was priced at 1.072 million IQD, while 18-carat gold reached 919,000 IQD. Local jewelers noted that customers continued to monitor prices closely before making large purchases.
Analysts suggest that stability in gold prices reflects a balance between supply and demand in Iraqi markets. Economic uncertainty in the region has not yet caused major fluctuations. Investors continue to consider gold a safe store of value amid geopolitical tensions.
Market participants expect that gold prices may remain steady in the short term. However, rising global energy and commodity prices could influence future shifts. Traders also monitor regional developments that may impact investment trends.
Baghdad’s Al-Nahr Street remains the central hub for gold trading in Iraq. Both local and imported varieties continue to attract buyers. Similarly, Erbil markets play a key role in northern Iraq’s gold trade.
Consumers and jewelers alike rely on daily market updates. Stable prices allow for predictable transactions and investment planning. Gold prices steady provides reassurance to traders navigating uncertain regional conditions.
Overall, the Baghdad and Erbil markets show consistent performance in the gold sector. Continued monitoring is expected as both domestic and international factors influence future market activity.
