Gold prices edge lower in Baghdad and Erbil markets

Shafaq News/ The prices of gold declined in the markets of Baghdad and Erbil on Wednesday, Shafaq News Agency correspondent reported.

Gold prices on al-Nahar Street in Baghdad recorded a selling price of 452,000 Iraqi dinars for one mithqal of 21-carat Gulf, Turkish, and European gold. The buying price settled at 448,000 Iraqi dinars.

The selling price of one mithqal of Iraqi 21-carat gold was 422,000 Iraqi dinars, while the buying price was 418,000.

In goldsmith shops, the selling price of a 21-carat Gulf gold ranged between 455,000 and 466,000, while Iraqi gold mithqal ranged between 425,000 and 435,000 dinars.

In Erbil, the selling price -per mithqal- of 24-carat gold reached 530,000 Iraqi dinars, 21-carat gold sold for 465,000, and 18-carat gold sold for 400,000.

One mithqal is equivalent to five grams.