On Sunday, gold prices remained stable in Erbil, reflecting a calm day in local jewelry markets. Market observers reported that both buying and selling rates showed little change compared to the previous day, indicating a period of relative stability for investors and consumers.
In Erbil’s jewelry stores, 22-carat gold sold at 1,050,000 IQD per mithqal, while 21-carat gold traded at 1,002,000 IQD. The price of 18-carat gold remained lower at 859,000 IQD per mithqal. Traders noted that these prices apply to both locally produced and imported gold, including varieties from Gulf countries, Turkey, and Europe.
Jewelry sellers said demand in Erbil has stayed consistent in recent days. Many residents continue to buy gold for savings, investment, or personal use, especially as prices have remained stable. Market participants emphasized that stability in Erbil differs from other regions, where fluctuations are more common due to changes in supply, currency rates, or international gold trends.
Shoppers reported that 21-carat gold continues to attract strong interest because of its balance between purity and price. Meanwhile, 22-carat gold appeals to investors seeking higher-value bullion. Some stores also offer small amounts of 18-carat gold for jewelry buyers looking for affordable options.
Local traders advise residents to monitor prices daily, as gold remains a key financial asset in the region. They also highlighted that stability in Erbil’s markets has encouraged steady trade, with no significant upward or downward shifts in recent weeks.
Overall, Erbil’s gold market continues to operate smoothly. Buyers and sellers expect this steady trend to continue, with prices likely to remain around current levels unless global economic developments trigger a change.
