Gold prices stabilize in Baghdad, decline in Erbil

Shafaq News- Baghdad/ Erbil

On Sunday, gold prices hovered around 1 million IQD per mithqal in Baghdad and Erbil markets, according to Shafaq News Agency market survey.

Gold prices on Baghdad's Al-Nahr Street recorded a selling price of 1,006,000 IQD per mithqal (equivalent to five grams) for 21-carat gold, including Gulf, Turkish, and European varieties, with a buying price of 1,002,000 IQD. The same gold had sold for 1,006,000 IQD on Saturday.

The selling price for 21-carat Iraqi gold stood at 976,000 IQD, with a buying price of 972,000 IQD.

In jewelry stores, the selling price per mithqal of 21-carat Gulf gold ranged between 1,005,000 and 1,015,000 IQD, while Iraqi gold sold for between 975,000 and 985,000 IQD.

In Erbil, 22-carat gold was sold at 1,035,000 IQD per mithqal, 21-carat gold at 988,000 IQD, and 18-carat gold at 847,000 IQD.