Gold prices stabilize in Baghdad and Erbil

Shafaq News- Baghdad/ Erbil

On Saturday, gold prices in Baghdad and Erbil hovered around 1.03 million IQD per mithqal for 21-carat gold, according to a market survey by Shafaq News.

Gold prices on Baghdad’s Al-Nahr Street recorded a selling price of 1,031,000 IQD per mithqal (equivalent to five grams) for 21-carat gold, including Gulf, Turkish, and European varieties, with a buying price of 1,028,000 IQD, the same as Thursday’s rates.

The selling price for 21-carat Iraqi gold stood at 1,001,000 IQD, with a buying price of 998,000 IQD. In jewelry stores, the selling price per mithqal of 21-carat Gulf gold ranged between 1,030,000 and 1,040,000 IQD, while Iraqi gold sold for between 1,000,000 and 1,010,000 IQD.

In Erbil, gold prices declined, with 22-carat gold sold at 1,071,000 IQD per mithqal, 21-carat gold at 1,023,000 IQD, and 18-carat gold at 876,000 IQD.