Gold inches lower in Baghdad, Erbil markets

Shafaq News/ On Thursday, gold prices edged lower in both Baghdad and 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 603,000 IQD, with a buying price of 599,000 IQD.

The selling price for one mithqal of 21-carat Iraqi gold was 573,000 IQD, with a buying price of 569,000 IQD.

In Baghdad’s jewelry shops, the selling price for 21-carat Gulf gold ranged between 605,000 and 615,000 IQD, while the selling price for 21-carat Iraqi gold ranged between 575,000 and 585,000 IQD.

In Erbil, the selling price for 24-carat gold was 700,000 IQD per mithqal, 21-carat gold was 613,000 IQD, and 18-carat gold was 525,000 IQD.