Gold Prices Surge in Iraqi Markets
Recent reports indicate a notable increase in both foreign and Iraqi gold prices within the local markets of Baghdad and Erbil, capital of the Kurdistan Region, as of Wednesday.
In Baghdad’s wholesale markets at River Evangelization, the price for one weight of 21-carat gold—including Gulf, Turkish, and European variations—was recorded at 620,000 dinars, with a buy-in price of 616,000 dinars.
Similarly, the selling price for one weight of 21-carat Iraqi gold stood at 590,000 dinars, with the purchase price at 586,000 dinars.
Retail Market Insights
In goldsmith stores, the selling price for 21-carat Gulf gold varies between 620,000 and 630,000 dinars, while the selling price of Iraqi gold ranges from 590,000 to 600,000 dinars.
Gold Prices in Erbil
Erbil also experienced a price increase in gold, with 24-carat gold priced at 706,000 dinars. The price for 21-carat gold was noted at 618,000 dinars, while 18-carat gold was listed at 530,000 dinars.
Summary of Gold Prices
| Gold Type | Baghdad Sale Price (Dinars) | Baghdad Purchase Price (Dinars) | Erbil Price (Dinars) |
|---|---|---|---|
| 21-carat Gulf | 620,000 | 616,000 | 618,000 |
| 21-carat Iraqi | 590,000 | 586,000 | |
| 24-carat | 706,000 | ||
| 18-carat | 530,000 |
The upward trend in gold prices reflects ongoing dynamics within the local and regional markets, warranting close observation for potential impacts on consumer behavior and investment strategies.
