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All that glitters is gold at Baghdad gold market

The famous Kadhimiya gold market in Baghdad is known for its vast variety of jewellery. The shop windows display glittering necklaces, rings, and bracelets.

Baghdad gold market

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Published : May 5, 2019, 6:26 AM IST

Updated : May 5, 2019, 1:13 PM IST

Baghdad: Customers see gold jewellery as a long term investment. More Iraqis are shopping for gold as prices remain stable in the country.

All that glitters is gold at Baghdad gold market

The famous Kadhimiya gold market in Baghdad is known for its vast variety of jewellery. The shop windows display glittering necklaces, rings, and bracelets.

The shop windows display glittering necklaces, rings, and bracelets. Modern jewellery imported from the UAE, Turkey and Italy is trending, as customers see the jewellery as a long-term investment.

Here, Iraqis can buy ready-made or custom-made jewellery, in both traditional and modern designs.

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The twin gold domes of the Shrine of Imam Moussa soar above the market, which attracts a range of customers.

But gold market prices have taken three years to stabilise, following the war with the IS group.

And UN sanctions on Iraq between 1991 and 2003 meant many Iraqis were forced to sell their gold for cash.

Today, they are indulging in such luxuries again and can afford to buy new imported gold.

Last Updated : May 5, 2019, 1:13 PM IST

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