Gold prices drop in Baghdad, stabilize in Erbil markets

Shafaq News/ On Wednesday, gold prices edged lower in Baghdad while remaining stable in Erbil markets.

According to a survey by Shafaq News Agency, gold prices on Baghdad's Al-Nahr Street recorded a selling price of 523,000 IQD per mithqal (equivalent to five grams) for 21-carat gold, including Gulf, Turkish, and European varieties, with a buying price of 519,000 IQD.

The selling price for 21-carat Iraqi gold was 493,000 IQD, with a buying price of 489,000 IQD.

In jewelry stores, the selling price per mithqal of 21-carat Gulf gold ranged between 525,000 and 535,000 IQD, while Iraqi gold sold for between 495,000 and 505,000 IQD.

In Erbil, 24-carat gold was sold at 605,000 IQD per mithqal, 22-carat gold at 555,000 IQD, 21-carat gold at 530,000 IQD, and 18-carat gold at 455,000 IQD.