Gold prices stabilize in Baghdad, drop in Erbil markets

Shafaq News/ On Wednesday, gold prices remained stable in Baghdad while edging lower in Erbil markets.

According to a survey by Shafaq News Agency, gold prices on Baghdad's Al-Nahr Street recorded a selling price of 553,000 IQD per mithqal (equivalent to five grams) for 21-carat gold, including Gulf, Turkish, and European varieties, with a buying price of 549,000 IQD.

The selling price for 21-carat Iraqi gold was 523,000 IQD, with a buying price of 519,000 IQD.

In jewelry stores, the selling price per mithqal of 21-carat Gulf gold ranged between 555,000 and 565,000 IQD, while Iraqi gold sold for between 525,000 and 535,000 IQD.

In Erbil, 24-carat gold was sold at 648,000 IQD per mithqal, 22-carat gold at 595,000 IQD, 21-carat gold at 568,000 IQD, and 18-carat gold at 486,000 IQD.