Gold prices drop in Baghdad and Erbil

Shafaq News / On Tuesday, gold prices edged lower in Baghdad and Erbil markets.

Shafaq News Agency’s correspondent reported that gold prices in Baghdad’s Al-Nahr Street recorded a selling price of 471,000 IQD per mithqal (equals to five grams) of 21-carat gold, including Gulf, Turkish, and European gold, with a buying price of 467,000 IQD.

The selling price per mithqal of 21-carat Iraqi gold reached 431,000 IQD, with a buying price of 427,000 IQD.

In jewelry stores, the selling price per mithqal of 21-carat Gulf gold ranged between 475,000 and 485,000 IQD, while the selling price of Iraqi gold fluctuated between 440,000 and 450,000 IQD.

In Erbil, a mithqal of 24-carat gold was sold at 545,000 IQD, 21-carat gold at 480,000 IQD, and 18-carat gold was sold at 410,000 IQD.