Iraqi gold hits record high in Baghdad and Erbil

Shafaq News/ On Saturday, gold prices climbed in both Baghdad and Erbil to over 600,000 IQD per mithqal in local markets for the first time in Iraq’s history.

According to a Shafaq News survey, Baghdad's wholesale markets on Al-Nahr Street registered a selling price per mithqal (approximately five grams) for 21-carat Gulf, Turkish, and European gold of 595,000 IQD, with a buying price of 591,000 IQD.

The selling price for one mithqal of 21-carat Iraqi gold was 565,000 IQD, with a buying price of 561,000 IQD.

In Baghdad’s jewelry shops, the selling price for 21-carat Gulf gold ranged between 595,000 and 605,000 IQD, while the selling price for 21-carat Iraqi gold ranged between 565,000 and 575,000 IQD.

In Erbil, the selling price for 24-carat gold was 672,000 IQD per mithqal, 21-carat gold was 588,000 IQD, and 18-carat gold was 504,000 IQD.