Gold prices drop in Baghdad, Erbil markets

Shafaq News / Gold prices dropped in the local markets of Baghdad and Erbil, on Monday.

According to Shafaq News Agency’s correspondent, gold prices in the wholesale markets on Al-Nahr Street in Baghdad recorded this morning a selling price per mithqal (equals five grams) for 21-carat Gulf, Turkish and European gold at 431,000 IQD, with a buying price of 427,000 IQD.

The selling price per mithqal of 21-carat Iraqi gold was recorded at 401,000 IQD, with a buying price of 397,000 IQD.

Regarding gold prices in stores, the selling price per mithqal of 21-carat Gulf gold ranged between 435,000 and 445,000 IQD, while the selling price of Iraqi gold ranged between 405,000 and 415,000 IQD.

As for gold prices in Erbil, the selling price of 24-carat gold was 505,000 IQD, 21-carat gold was 445,000 IQD, and 18-carat gold was 385,000 IQD.