Gold prices increase in Baghdad, stabilize in Erbil

Shafaq News/ On Wednesday, gold prices edged higher in Baghdad and remained stable Erbil markets.

According to a survey by Shafaq News Agency, gold prices on Baghdad's Al-Nahr Street recorded a selling price of 572,000 IQD ($1 = 0.00076 IQD) per mithqal (equivalent to five grams) for 21-carat gold, including Gulf, Turkish, and European varieties, with a buying price of 568,000 IQD.

The selling price for 21-carat Iraqi gold was 542,000 IQD, with a buying price of 538,000 IQD.

In jewelry stores, the selling price per mithqal of 21-carat Gulf gold ranged between 575,000 and 585,000 IQD, while Iraqi gold sold for between 545,000 and 555,000 IQD.

In Erbil, 24-carat gold was sold at 668,000 IQD per mithqal, 21-carat gold at 585,000 IQD, and 18-carat gold at 500,000 IQD.