Stability and Fluctuation in Gold Prices Across Iraqi Markets
Gold prices are exhibiting stability in the local markets of Baghdad, contrasting with an increase observed in Erbil, the capital of the Kurdistan Region, as of Wednesday, March 5, 2025.
Baghdad Gold Market Overview
In Baghdad’s wholesale markets, the price for a single weight of 21-carat gold, encompassing Gulf, Turkish, and European varieties, has been recorded at a selling price of 605,000 dinars, while the purchase price stands at 601,000 dinars.
Additionally, Iraqi gold’s selling price for one weight of 21-carat is noted at 575,000 dinars, with a purchase price of 571,000 dinars.
In retail goldsmith stores, the selling price of 21-carat Gulf gold ranges from 605,000 dinars to 615,000 dinars, while the price for Iraqi gold varies from 575,000 to 585,000 dinars.
Price Fluctuations in Erbil
In contrast, the gold pricing in Erbil displays a noticeable increase. The latest figures indicate that:
| Gold Type | Selling Price (Dinars) |
|---|---|
| 24-carat | 703,000 |
| 22-carat | 645,000 |
| 21-carat | 615,000 |
| 18-carat | 527,000 |
This upward trend highlights ongoing market dynamics within the Iraqi gold sector, reflecting varying demand and supply factors between the two regions.