Gold prices rise in local markets in Baghdad and Erbil

Shafaq News / Gold prices, both foreign and Iraqi, increased in local markets in the capital city of Baghdad and the Kurdish region's capital city, Erbil, on Wednesday.

According to a correspondent from Shafaq News Agency, the wholesale gold prices in Al-Naher Street in the capital city of Baghdad recorded a selling price of 408,000 Iraqi dinars and a buying price of 404,000 Iraqi dinars per 21-carat Gulf, Turkish, and European gold. Yesterday's selling price was 404,000 Iraqi dinars.

Our correspondent pointed out that the selling price of 21-carat Iraqi gold also rose to 378,000 dinars per one mithqal, while the buying price reached 374,000 dinars.

As for gold prices in jewelry stores, the selling price of 21-carat Gulf gold ranges between 410,000 and 420,000 Iraqi dinars, while the selling price of 21-carat Iraqi gold ranges between 380,000 and 390,000 dinars.

In Erbil, gold prices also increased. The selling price of 24-carat gold reached 470,000 dinars per mithqal, while 22-carat gold was sold at 435,000 dinars, 21-carat gold was sold at 420,000 dinars, and 18-carat gold was sold at 355,000 dinars.

It's worth noting that one mithqal of gold is equivalent to five grams.