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Gold Prices Stabilize in Baghdad and Erbil: Latest Update

Gold prices for both foreign and Iraqi sources experienced stability on Sunday in local markets, particularly in Baghdad and Erbil, the capital of the Kurdistan Region.

In the wholesale markets of Baghdad, the price for one weight of 21-carat gold from Gulf, Turkish, and European sources was recorded at 595,000 dinars for sales, with a purchase price of 591,000 dinars.

For Iraqi gold, the selling price for a single weight of 21 carats was noted at 565,000 dinars, while the purchase price stood at 561,000 dinars.

In goldsmiths’ stores, the selling price for 21-carat Gulf gold ranged between 595,000 dinars and 605,000 dinars, while the selling price for Iraqi gold fluctuated between 565,000 and 575,000 dinars.

Similarly, in Erbil, gold prices remained unchanged. The selling prices were recorded as follows: 24-carat gold at 672,000 dinars, 22-carat gold at 616,000 dinars, 21-carat gold at 588,000 dinars, and 18-carat gold at 504,000 dinars.

Type of Gold Selling Price (Dinars) Purchase Price (Dinars)
Gulf, Turkish, European 21-carat 595,000 591,000
Iraqi 21-carat 565,000 561,000
Gulf 21-carat (Retail) 595,000 – 605,000 N/A
Iraqi 21-carat (Retail) 565,000 – 575,000 N/A
Erbil 24-carat 672,000 N/A
Erbil 22-carat 616,000 N/A
Erbil 21-carat 588,000 N/A
Erbil 18-carat 504,000 N/A

The data reflects current trends in the gold market, showcasing the price stability that characterizes both Baghdad and Erbil’s local trading environments.

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