Gold prices continued to climb, setting a new record in the Kurdistan Region as one mithqal of 21-karat gold reached 1,025,000 Iraqi dinars. The latest increase highlights the strong upward trend in precious metals, driven by rising demand in both local and international markets.
The Erbil Goldsmiths Syndicate confirmed that prices increased again today, following gains seen globally. Gold traders across the Kurdistan Region reported higher selling prices, reflecting the impact of international market movements on local rates.
Hendren Warti, head of the Erbil Goldsmiths Syndicate, said the rise shows no signs of slowing. He explained that gold prices moved higher at the same time in the Kurdistan Region and global markets. As a result, local prices reached new record levels. In Erbil, one mithqal of 21-karat gold was sold for 1,025,000 dinars, the highest price recorded so far.
Global gold markets also saw sharp gains. According to market data, the price of one ounce of gold rose to $4,862, supporting higher prices across regional markets, including Kurdistan. Analysts say global uncertainty, inflation concerns, and investor demand for safe assets continue to push gold prices upward.
Local gold prices across the Kurdistan Region currently stand at high levels:
- One mithqal of 18-karat gold is selling for 878,000 dinars.
- One mithqal of 21-karat gold is priced at 1,025,000 dinars.
- One mithqal of 22-karat gold has reached 1,074,000 dinars.
Gold traders say demand remains strong, especially among investors seeking protection against market volatility. Jewelry sellers also report steady interest despite rising prices. Many market observers believe gold will remain expensive in the near term, as global economic pressures and geopolitical concerns continue to influence investor behavior.
For now, gold remains one of the most closely watched commodities in the Kurdistan Region, with prices continuing to reflect developments in the global market.
