Gold prices rose in local markets in Baghdad and Erbil on Saturday compared with Thursday, as prices increased for both Iraqi and imported gold.
In Baghdad’s wholesale market on Al-Nahr Street, the selling price of one mithqal (approximately 4.5 grams) of 21-karat Gulf, Turkish and European gold reached 976,000 Iraqi dinars, while the buying price stood at 972,000 dinars. On Thursday, the selling price was 970,000 dinars.
The selling price of one mithqal of 21-karat Iraqi gold reached around 946,000 dinars, while the buying price stood at 942,000 dinars.
At jewelry shops in Baghdad, 21-karat Gulf gold was selling for between 975,000 and 985,000 dinars per mithqal. Iraqi gold of the same purity ranged from 945,000 to 955,000 dinars.
In Erbil, the selling price of 22-karat gold reached 1,034,000 dinars per mithqal, while 21-karat gold sold for around 988,000 dinars and 18-karat gold for approximately 846,000 dinars.
Local gold prices are influenced by international gold prices and movements in the dollar exchange rate against the Iraqi dinar.
