Gold prices in the local markets of Baghdad, the capital of Iraq, have seen an upward trend, while a slight decline was noted in Erbil, the capital of the Kurdistan Region, as of Thursday, February 13, 2025.
In Baghdad’s wholesale markets, specifically at the River Evidence location, the selling price for one weight of 21-carat Gulf, Turkish, and European gold is currently at 616,000 Iraqi dinars, with the purchase price at 612,000 dinars.
The same markets report that the selling price for one weight of 21-carat Iraqi gold has been recorded at 586,000 dinars, with a purchase price of 582,000 dinars.
Shifting focus to retail goldsmith stores, the selling prices for 21-carat Gulf gold range from 615,000 to 625,000 dinars, while the prices for Iraqi gold are between 505,000 and 515,000 dinars.
Conversely, Erbil has observed a slight decrease in gold prices, with 24-carat gold priced at 700,000 dinars. The selling prices for 21-carat gold are recorded at 612,000 dinars, and for 18-carat gold, 524,000 dinars.
| Location | Gold Type | Selling Price (Iraqi Dinars) | Purchase Price (Iraqi Dinars) |
|---|---|---|---|
| Baghdad | 21-carat Gulf/Turkish/European | 616,000 | 612,000 |
| Baghdad | 21-carat Iraqi | 586,000 | 582,000 |
| Retail (Goldsmiths) | 21-carat Gulf | 615,000 – 625,000 | N/A |
| Retail (Goldsmiths) | 21-carat Iraqi | 505,000 – 515,000 | N/A |
| Erbil | 24-carat | 700,000 | N/A |
| Erbil | 21-carat | 612,000 | N/A |
| Erbil | 18-carat | 524,000 | N/A |
Overall, while Baghdad reports an increase in gold prices, the market in Erbil shows a gradual decline, reflecting regional fluctuations in the gold market.
