Gold Prices in Baghdad and Erbil: Current Trends as of February 18, 2025
The gold market in Iraq has witnessed a notable increase in both foreign and domestic gold prices as of Tuesday, February 18, 2025. This trend is particularly evident in the capital, Baghdad, while prices in Erbil, the capital of the Kurdistan Region, have shown stability.
Gold Prices in Baghdad
According to market reports, the wholesale price for a single weight of 21-carat gold from the Gulf, Turkey, and Europe in Baghdad is currently set at 613,000 Iraqi dinars for selling and 609,000 dinars for purchasing. The local price for 21-carat Iraqi gold is slightly lower, with a selling price of 583,000 dinars and a buying price of 579,000 dinars.
In jewelry stores, the selling price of 21-carat Gulf gold ranges between 615,000 and 625,000 dinars, while the price for Iraqi gold in the same category is set between 585,000 and 595,000 dinars.
Gold Prices in Erbil
In contrast, the gold prices in Erbil have remained stable. The current rates indicate that 24-carat gold is priced at 700,000 dinars. Meanwhile, the selling price for 21-carat gold is 613,000 dinars, and for 18-carat gold, it stands at 525,000 dinars.
Summary of Gold Prices
| Gold Type | Baghdad Selling Price (IQD) | Baghdad Buying Price (IQD) | Erbil Price (IQD) |
|---|---|---|---|
| 21-carat Gulf/Euro/Turkish | 613,000 | 609,000 | 613,000 |
| 21-carat Iraqi | 583,000 | 579,000 | N/A |
| Goldsmith Stores (21-carat Gulf) | 615,000 – 625,000 | N/A | N/A |
| Goldsmith Stores (21-carat Iraqi) | 585,000 – 595,000 | N/A | N/A |
| 24-carat Gold | N/A | N/A | 700,000 |
| 18-carat Gold | N/A | N/A | 525,000 |
This overview of gold prices highlights the differences between international and local gold variations, reflecting ongoing market dynamics in Iraq. With the fluctuating market conditions, stakeholders in the gold sector will need to monitor these trends closely for informed decision-making.
