Gold prices stabilize in Baghdad, drop in Erbil

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

Shafaq News Agency's correspondent reported that gold prices in Baghdad's Al-Nahr Street recorded a selling price of 499,000 IQD per mithqal (equals to five grams) of 21-carat gold, including Gulf, Turkish, and European gold, with a buying price of 495,000 IQD.

The selling price per mithqal of 21-carat Iraqi gold reached 469,000 IQD, with a buying price of 465,000 IQD.

In jewelry stores, the selling price per mithqal of 21-carat Gulf gold ranged between 500,000 and 510,000 IQD, while the selling price of Iraqi gold fluctuated between 470,000 and 480,000 IQD.

In Erbil, a mithqal of 24-carat gold was sold at 580,000 IQD, 21-carat gold at 510,000 IQD, and 18-carat gold was sold at 435,000 IQD.