Gold drops in Baghdad, stabilizes Erbil markets

Shafaq News/ On Sunday, gold prices edged lower in Baghdad, while remaining stable in Erbil 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 590,000 IQD, with a buying price of 586,000 IQD.

The selling price for one mithqal of 21-carat Iraqi gold was 560,000 IQD, with a buying price of 556,000 IQD.

In Baghdad’s jewelry shops, the selling price for 21-carat Gulf gold ranged between 590,000 and 600,000 IQD, while the selling price for 21-carat Iraqi gold ranged between 560,000 and 570,000 IQD.

In Erbil, the selling price for 24-carat gold was 685,000 IQD per mithqal, 21-carat gold was 600,000 IQD, and 18-carat gold was 515,000 IQD.