Gold drops in the Iraqi markets as the dollar rate inches lower

Shafaq News/ Domestic and imported gold edged higher in Baghdad and Erbil.

Shafaq News Agency correspondent said on Tuesday the selling and buying prices of a Mithqal of 21 carats of Gulf, Turkish, and European gold stood at 416 thousand and 412 thousand dinars, respectively.

Our correspondent said the 21-carat Iraqi gold also dropped, with the selling and buying prices resting at 386 and 382 thousand dinars.

Local shops in the Iraqi capital sell the 21-carat Gulf gold at a price ranging between 415 and 425 thousand dinars, while 21-carat Iraqi gold prices range between 385 and 395 thousand dinars.

In Erbil, Local shops sell 24-carat gold at 480 thousand dinars, 21-carat gold at 425 thousand dinars, and 18-carat gold at 365 thousand dinars.

One mithqal= 5 grams