Gold drops in Baghdad and Erbil markets

Shafaq News/ On Saturday, gold prices edged lower in Baghdad’s and Erbil’s markets.

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 608,000 IQD, with a buying price of 604,000 IQD.

The selling price for one mithqal of 21-carat Iraqi gold was 578,000 IQD, with a buying price of 574,000 IQD.

In Baghdad’s jewelry shops, the selling price for 21-carat Gulf gold ranged between 610,000 and 620,000 IQD, while the selling price for 21-carat Iraqi gold ranged between 500,000 and 510,000 IQD.

In Erbil, the selling price for 24-carat gold was 697,000 IQD per mithqal, 21-carat gold was 610,000 IQD, and 18-carat gold was 522,000 IQD.