Gold Prices in Iraq: Market Overview (March 13, 2025)
The recent trends in gold prices have shown an upward movement in the local markets of Baghdad, while prices in Erbil, the capital of the Kurdistan Region, have remained stable as of March 13, 2025.
Current Gold Price Trends in Baghdad
According to industry sources, the wholesale market at the River Evangelization in Baghdad has reported significant prices for gold this morning. The selling price for a single weight of 21-carat gold from Gulf, Turkish, and European origins is set at 608,000 Iraqi dinars, while the purchasing price is 604,000 dinars.
When considering Iraqi gold, the selling price for the same 21-carat weight has been recorded at 578,000 dinars, with a purchasing price set at 574,000 dinars.
Retail Market Prices
In terms of retail prices at goldsmith stores, the price for selling 21-carat Gulf gold fluctuates between 610,000 and 620,000 dinars, whereas Iraqi gold is priced between 580,000 and 590,000 dinars.
Gold Prices in Erbil
Concurrently, the gold market in Erbil has displayed stability, with the following key prices recorded:
- 24-carat gold: 700,000 dinars
- 21-carat gold: 613,000 dinars
- 18-carat gold: 525,000 dinars
Summary
Overall, the gold market in Iraq reflects a varied landscape, with Baghdad experiencing rising prices while Erbil maintains stability in its gold valuation. The fluctuations in prices are essential for investors and consumers alike, as they navigate the evolving economic landscape of the region.