The generation of geomagnetic time series frequently involves intricate spatio-temporal dynamics, wherein nonlinearity and scaling emerge as pivotal mechanisms. The present work investigates the fractal properties of geomagnetic field, and its sources during quiet geomagnetic conditions, by analyzing the horizontal component data of 1 min resolution (H time series) from different latitude regions. Analysis using Auto Correlation Function (ACF), Power spectrum analysis (PSA), Rescaled range analysis (R/S) and Detrended Fluctuation Analysis (DFA) gave indications of the presence of long-range correlations, fractal properties and scaling behaviour of quiet period H time series data. The strong q dependence of generalized Hurst exponent h(q) and scaling exponent Ʈ(q), obtained from the Multifractal Detrended Fluctuation Analysis (MFDFA) method, confirmed the multifractal behaviour of quiet period H time series. The multifractal source analysis of the quiet period H time series with its shuffled and surrogate time series data revealed that, the multifractal characteristics are caused almost entirely by the long-range correlations between small and large fluctuations. The analysis of the latitudinal variations in the multifractal characteristics is also performed as a part of the work, by considering H time series belonging to various latitudes under almost same longitude. The observed decrease in the generalized Hurst exponent values with increase in latitude indicates the change in the multifractal characteristics of the time series with latitude. Also the work revealed that, the H time series from high latitude region shows anti-persistent behaviour, even when the H time series from observatories located at the low and mid latitude regions exhibiting persistent behaviour. The change in the persistence, anti-persistence behaviour can be related to the strength of Earth’s magnetic field.