Iraq Gold Prices declined on Tuesday across Baghdad and Erbil markets, with 21-carat gold prices varying by type and location. The latest market survey showed prices in Baghdad falling from Monday’s levels, while Erbil recorded higher rates for several gold categories.
On Baghdad’s Al-Nahr Street, traders sold 21-carat Gulf, Turkish, and European gold for 974,000 Iraqi dinars per mithqal. The buying price reached 970,000 dinars, marking a decline from Monday’s selling price of 990,000 dinars. One mithqal represents approximately five grams of gold, providing a standard measure for local market transactions.
Meanwhile, Iraqi-made 21-carat gold recorded different prices in Baghdad’s market. Sellers offered the gold at 944,000 dinars per mithqal, while the reported buying price stood at 956,000 dinars. These figures show price differences between imported varieties and locally produced gold.
Jewelry stores across Baghdad also reported varying prices depending on the gold’s origin. Gulf 21-carat gold sold for between 975,000 and 985,000 dinars per mithqal. By comparison, Iraqi 21-carat gold ranged from 945,000 to 955,000 dinars in retail shops.
The differences reflect the range of prices available to customers across Baghdad’s jewelry market. In addition, individual shops may offer different selling and buying rates according to the gold variety and transaction. Buyers therefore need to compare prices before completing purchases or selling existing jewelry.
In Erbil, gold prices remained higher across several commonly traded categories. Dealers sold 22-carat gold at 1,035,000 dinars per mithqal, while 21-carat gold reached 990,000 dinars. Meanwhile, 18-carat gold sold for 847,000 dinars per mithqal in the city.
These figures highlight differences between Baghdad and Erbil, particularly for 21-carat gold. In Baghdad, imported 21-carat varieties sold for 974,000 dinars, compared with 990,000 dinars in Erbil. However, prices also depend on gold purity, product type, and the individual shop’s quoted rate.
The decline in Iraq Gold Prices in Baghdad followed a noticeable change from the previous trading day. The reported selling price for imported 21-carat gold fell from 990,000 to 974,000 dinars per mithqal. Consequently, customers tracking daily prices may find it useful to compare market quotes before making decisions.
Gold remains a widely traded commodity in Iraq, where jewelry purchases often depend on local market rates. Still, the listed prices represent reported market quotes rather than a single nationwide retail price. Buyers should also account for any additional charges applied by jewelry stores when purchasing finished items.
Overall, Tuesday’s figures showed lower prices in Baghdad alongside differing rates in Erbil. The latest Iraq Gold Prices indicate that location and gold purity remain important factors in determining the final cost. Customers should check current rates with local dealers because prices can change from one trading session to another.
