Slight Rise in Gold Prices in Baghdad and Erbil on Sunday
Gold markets in Baghdad and Erbil recorded a slight increase on Sunday, with differences between Iraqi and Gulf gold in wholesale and jeweler buying and selling prices.
Iraqi and foreign gold prices rose slightly on Sunday in local markets in Baghdad and in Erbil, the capital of the Kurdistan Region.
In wholesale markets on al-Nahr Street in Baghdad, the selling price of one mithqal of 21-karat gold (Gulf, Turkish and European) reached 922,000 Iraqi dinars, while the buying price was 918,000 dinars, after the selling price on Saturday was 917,000 dinars.
The Iraqi mithqal of 21-karat gold recorded a selling price of 892,000 dinars and a buying price of 888,000 dinars.
At jewelry shops, the selling price of a mithqal of 21-karat Gulf gold ranged between 920,000 and 930,000 dinars, while the selling price for a mithqal of Iraqi gold ranged between 890,000 and 900,000 dinars.
Erbil also saw price increases, with the selling price of 22-karat at about 978,000 dinars, 21-karat at about 935,000 dinars, and 18-karat at about 802,000 dinars.
Gold is priced by jewelers based on a calculation that combines the global ounce price and the local dollar exchange rate.
