Gold Prices stabilize in Baghdad, rise in ErbilGold Prices stabilize in Baghdad, rise in Erbil

Shafaq News / Gold prices, both foreign and local, have stabilized in the local markets of the capital, Baghdad, while they have witnessed an increase in the markets of Erbil, the capital of the Kurdistan Region, on Wednesday, May 31, 2023.

According to a correspondent from Shafaq News Agency, the wholesale gold prices in Al-Nahr Street in Baghdad recorded a selling price of 399,000 Iraqi dinars for one mithqal (21-carat) of Gulf, Turkish, and European gold, with a buying price of 395,000 Iraqi dinars. These prices remain the same as yesterday, Tuesday.

Our correspondent also mentioned that the selling price of one mithqal (21-carat) of Iraqi gold has also remained stable at 369,000 Iraqi dinars, with a buying price of 365,000 dinars.

As for the gold prices in jewelry stores, the selling price of one mithqal (21-carat) of Gulf gold ranges between 405,000 and 415,000 dinars, while the selling price of one mithqal (21-carat) of Iraqi gold ranges between 375,000 and 385,000 dinars.

In Erbil, gold prices have witnessed an increase. The selling price of one mithqal (24-carat) reached 480,000 dinars, while one mithqal (21-carat) was sold at 425,000 dinars, and one mithqal (18-carat) was sold at 369,000 dinars.

It's worth mentioning that one mithqal equals five grams of gold.