Gold prices surge in Baghdad and Erbil markets

Shafaq News/ On Saturday, gold prices increased in Baghdad and Erbil markets.

Shafaq News Agency's correspondent reported that gold prices on Baghdad's Al-Nahr Street recorded a selling price of 531,000 IQD per mithqal (equals to five grams) of 21-carat gold, including Gulf, Turkish, and European gold, with a buying price of 527,000 IQD.

The selling price per mithqal of 21-carat Iraqi gold reached 501,000 IQD, with a buying price of 497,000 IQD.

In jewelry stores, the selling price per mithqal of 21-carat Gulf gold ranged between 535,000 and 545,000 IQD, while the selling price of Iraqi gold fluctuated between 505,000 and 515,000 IQD.

In Erbil, a mithqal of 24-carat gold was sold at 605,000 IQD, 21-carat gold at 530,000 IQD, and 18-carat gold was sold at 455,000 IQD.