Gold prices, both foreign and Iraqi, have stabilized in local markets across Baghdad and Erbil as of Sunday, February 9, 2025. This stabilization occurs at unprecedented levels within the country, coinciding with a rise in global gold prices, which are often perceived as a safe haven.
In the wholesale markets of Baghdad, the price of 21-carat Gulf, Turkish, and European gold was reported at 605,000 dinars for selling and 601,000 dinars for purchasing this morning. Meanwhile, the price of one weight of 21-carat Iraqi gold stood at 575,000 dinars for selling, with a purchasing price of 571,000 dinars.
At goldsmith stores, the selling prices for 21-carat Gulf gold weights range from 605,000 to 615,000 dinars, while the selling price for Iraqi gold weights varies between 575,000 and 585,000 dinars.
In Erbil, the gold prices remained consistent as well, with 24-carat gold priced at 685,000 dinars. The selling price for 21-carat gold was recorded at 600,000 dinars, whereas 18-carat gold was available for 515,000 dinars.
| Gold Type | Selling Price (Dinars) | Purchasing Price (Dinars) |
|---|---|---|
| 21-Carat Gulf/ Turkish/ European | 605,000 | 601,000 |
| 21-Carat Iraqi Gold | 575,000 | 571,000 |
| Gulf Gold (Retail) | 605,000 – 615,000 | N/A |
| Iraqi Gold (Retail) | 575,000 – 585,000 | N/A |
| 24-Carat Gold (Erbil) | 685,000 | N/A |
| 21-Carat Gold (Erbil) | 600,000 | N/A |
| 18-Carat Gold (Erbil) | 515,000 | N/A |
