Gold rises in Baghdad and Erbil with 21 carat at 866,000 dinars per mithqal on Baghdad's Al Nahr Street

According to a Shafaq News market survey, gold prices climbed in Baghdad and Erbil on Saturday 1 August 2026, with the mithqal, equivalent to five grams, hovering around 860,000 Iraqi dinars.

On Baghdad's Al Nahr Street, 21 carat gold of Persian Gulf, Turkish and European origin recorded a selling price of 866,000 dinars per mithqal and a buying price of 862,000 dinars. The same gold had sold for 853,000 dinars on Thursday 30 July 2026. Iraqi 21 carat gold traded at a selling price of 836,000 dinars and a buying price of 832,000 dinars. In jewellery stores, 21 carat Persian Gulf gold ranged between 865,000 and 875,000 dinars, while Iraqi gold sold for between 835,000 and 845,000 dinars.

In Erbil, 22 carat gold sold at 900,000 dinars per mithqal, 21 carat at 860,000 dinars and 18 carat at 736,000 dinars. Iraq's gold market matters for Iran because Baghdad and Erbil pricing is one of the channels through which precious metal and the dinar move in cross border trade between the two countries.