Gold prices in Iraq’s primary trading hubs of Baghdad and Erbil stabilized on Thursday, hovering near 855,000 Iraqi dinars (IQD) per mithqal.
Local market surveys indicate that the precious metal has found a temporary floor after a week of fluctuating valuations, with dealers in both the capital and the northern autonomous region reporting consistent pricing across major souqs.
Traders in the Al-Nahr district of Baghdad noted steady but cautious demand, with retail buyers waiting for clearer directional signals before committing to larger purchases.
The current level represents a modest pullback from earlier in the week, when prices in Baghdad and Erbil had stabilized near the 900,000 IQD mark.
The slight softening suggests that initial buying pressure has eased, allowing local premiums to normalize against international spot benchmarks.
Traders in the Al-Nahr district of Baghdad noted steady but cautious demand, with retail buyers waiting for clearer directional signals before committing to larger purchases.
This stabilization follows a period of heightened volatility in Iraqi gold markets, driven by broader regional uncertainty and fluctuations in the Iraqi dinar’s exchange rate against the US dollar.