Gold prices for both Iraqi and foreign gold recorded a noticeable drop in local markets in Baghdad and the Kurdistan Region on Saturday morning as trading opened for the new week.
In Baghdad’s wholesale markets on Al-Nahr Street, the selling price of one mithqal of 21-karat Gulf, Turkish, and European gold fell to 982,000 Iraqi dinars, while the buying price reached 978,000 dinars. Last Thursday, the same gold had reached 1,012,000 dinars.
The selling price of one mithqal of 21-karat Iraqi gold also declined to 952,000 dinars, with the buying price recorded at 948,000 dinars.
In local goldsmith shops, the selling price of 21-karat Gulf gold ranged between 985,000 and 995,000 dinars per mithqal, while Iraqi gold was sold between 955,000 and 965,000 dinars.
Markets in Erbil also saw lower prices in line with Baghdad’s decline. The selling price of 22-karat gold reached 1,021,000 dinars, while 21-karat gold was priced at 975,000 dinars. Meanwhile, 18-karat gold remained stable at 835,000 dinars.
The decline in gold prices came as exchange rates for the US dollar continued to fluctuate across local markets in Baghdad and Erbil.
