Gold Prices Show Mixed Trends in Iraqi Markets
Recent data indicate a decline in both foreign and Iraqi gold prices within Baghdad’s local markets, while the price for gold remains stable in Erbil, the capital of the Kurdistan Region, as of Sunday, March 2, 2025.
Baghdad Market Overview
According to local market reports, gold prices in the wholesale sector at the River Evangelization in Baghdad are as follows:
-
Gulf, Turkish, and European Gold:
- Selling Price (21-Carat): 590,000 IQD
- Purchase Price: 586,000 IQD
- Iraqi Gold:
- Selling Price (21-Carat): 560,000 IQD
- Purchase Price: 556,000 IQD
In retail goldsmith stores, the selling prices exhibit a range for various gold types:
- Gulf 21-Carat Gold: Between 590,000 and 600,000 IQD
- Iraqi Gold 21-Carat: Between 560,000 and 570,000 IQD
Price Stability in Erbil
In contrast, gold prices remain stable in Erbil, with the following readings reported:
- 24-Carat Gold: 685,000 IQD
- 22-Carat Gold: 628,000 IQD
- 21-Carat Gold: 600,000 IQD
- 18-Carat Gold: 515,000 IQD
Summary Table of Current Gold Prices
| Type of Gold | Baghdad Prices (IQD) | Erbil Prices (IQD) |
|---|---|---|
| 24-Carat | Not Listed | 685,000 |
| 22-Carat | Not Listed | 628,000 |
| 21-Carat (Gulf) | 590,000 – 600,000 | 600,000 |
| 21-Carat (Iraqi) | 560,000 – 570,000 | Not Listed |
| 18-Carat | Not Listed | 515,000 |
The divergence in pricing levels across the two regions underscores the current economic landscape and demand for gold, reflecting broader trends in consumer behavior and market dynamics.
