Gold prices drop in Baghdad, stabilize in Erbil markets

Shafaq News/ On Monday, 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 678,000 IQD per mithqal (equivalent to five grams) for 21-carat gold, including Gulf, Turkish, and European varieties, with a buying price of 674,000 IQD.

The selling price for 21-carat Iraqi gold was 648,000 IQD, with a buying price of 644,000 IQD.

In jewelry stores, the selling price per mithqal of 21-carat Gulf gold ranged between 680,000 and 690,000 IQD, while Iraqi gold sold for between 650,000 and 660,000 IQD.

In Erbil, 22-carat gold was sold at 708,000 IQD per mithqal, 21-carat gold at 676,000 IQD, and 18-carat gold at 580,000 IQD.