Gold prices remained stable in Baghdad and recorded slight increases in Erbil on Tuesday, according to a market survey conducted across major gold trading centers in Iraq.
Traders reported that gold prices in Baghdad maintained the same levels seen during the previous trading session. Meanwhile, markets in Erbil witnessed modest gains across several gold categories.
In Baghdad, wholesale traders on Al-Nahr Street sold 21-carat Gulf, Turkish, and European gold at 936,000 Iraqi dinars per mithqal. The buying price stood at 932,000 dinars per mithqal.
The latest figures showed no change from Monday’s trading session. As a result, Baghdad’s gold market remained relatively stable despite fluctuations in global precious metal markets.
Iraqi 21-carat gold sold at 906,000 dinars per mithqal. At the same time, traders purchased the same category at 902,000 dinars per mithqal.
Gold prices in Baghdad also varied at retail jewelry stores. Gulf 21-carat gold sold between 940,000 and 950,000 dinars per mithqal, depending on the shop and craftsmanship.
Meanwhile, Iraqi 21-carat gold ranged between 910,000 and 920,000 dinars per mithqal in local jewelry markets across the capital.
In contrast, Erbil recorded higher gold prices during Tuesday’s trading. Dealers reported increases across the main gold categories available in the market.
Twenty-two-carat gold sold at 984,000 dinars per mithqal in Erbil. The higher purity level continued to command the strongest prices among available categories.
Furthermore, 21-carat gold reached 940,000 dinars per mithqal in the Kurdistan Region’s capital. The price remained above levels recorded in Baghdad’s wholesale market.
Eighteen-carat gold also posted gains in Erbil. Traders sold the category at 805,000 dinars per mithqal during the latest trading session.
Market observers said local demand, global gold movements, and currency fluctuations continue influencing prices in both Baghdad and Erbil. Therefore, gold values may continue changing in the coming days.
Despite regional differences, gold remains a popular investment and savings option for many Iraqi consumers. Investors often turn to precious metals during periods of economic uncertainty.
