Gold prices drop in Baghdad, stabilize in Erbil

Shafaq News- Baghdad/ Erbil

On Wednesday, gold prices hovered around 1.03 million IQD per mithqal in Baghdad and Erbil markets, according to a survey by Shafaq News Agency.

Gold prices on Baghdad's Al-Nahr Street recorded a selling price of 1.035 million IQD per mithqal (equivalent to five grams) for 21-carat gold, including Gulf, Turkish, and European varieties, with a buying price of 1.031 million IQD. The same gold had sold for 1.047 million IQD on Tuesday.

The selling price for 21-carat Iraqi gold stood at 1.005 million IQD, while the buying price reached 1.001 million IQD.

In jewelry stores, the selling price per mithqal of 21-carat Gulf gold ranged between 1.035 million and 1.045 million IQD, while Iraqi gold sold for between 1.005 million and 1.015 million IQD.

In Erbil, 22-carat gold was sold at 1.078 million IQD per mithqal, 21-carat gold at 1.030 million IQD, and 18-carat gold at 883,000 IQD.