Iraq’s gold market recorded higher prices on Monday, with rates rising in both Baghdad and Erbil as demand pushed 21-carat gold closer to 925,000 Iraqi dinars per mithqal.
In Baghdad’s wholesale market on Al-Nahr Street, 21-carat Gulf, Turkish and European gold was selling at 922,000 dinars per mithqal, equivalent to five grams, while the buying price stood at 918,000 dinars. The figures marked an increase from the previous day’s level of 908,000 dinars.
Prices for locally produced 21-carat Iraqi gold also moved higher, reaching 892,000 dinars for selling and 888,000 dinars for buying.
Retail jewelry shops across the capital reported selling prices ranging between 925,000 and 935,000 dinars per mithqal for imported 21-carat gold. Iraqi gold was offered at between 895,000 and 905,000 dinars.
In the Kurdistan Region’s capital, Erbil, gold prices also advanced. Traders reported 22-carat gold selling at 978,000 dinars per mithqal, while 21-carat gold reached 933,000 dinars. The price of 18-carat gold stood at 799,000 dinars per mithqal.
The latest increase reflects continued movements in local precious metals markets as traders monitor regional and global price trends.
