Gold Prices Fluctuate in Baghdad and Erbil Markets
Recent trends in the local gold markets of Baghdad and Erbil indicate a downward shift in the prices of both foreign and Iraqi gold, as reported on Wednesday.
In the wholesale markets along the river in Baghdad, the current price for one weight of 21-carat gold, sourced from Gulf, Turkish, and European origins, is set at 612,000 dinars for sale, while the purchase price stands at 608,000 dinars. This reflects a decline compared to previous days.
The price for one weight of 21-carat Iraqi gold has been registered at 582,000 dinars for sale and 578,000 dinars for purchase.
Retail Market Prices
In retail goldsmith establishments, the selling price for 21-carat Gulf gold ranges from 615,000 to 625,000 dinars. Conversely, Iraqi gold is being sold between 505,000 and 515,000 dinars per weight.
Erbil Market Insights
Shifting focus to Erbil, the 24-carat gold is priced at 702,000 dinars. The prices for 21 and 18-carat gold in this region stand at 615,000 and 527,000 dinars, respectively.
| Gold Type | Baghdad Sale Price (Dinars) | Baghdad Purchase Price (Dinars) | Erbil Price (Dinars) |
|---|---|---|---|
| 21-carat Gulf | 612,000 | 608,000 | 615,000 |
| 21-carat Iraqi | 582,000 | 578,000 | |
| 24-carat | 702,000 | ||
| 18-carat | 527,000 | ||
| Retail Gulf Gold | 615,000 – 625,000 | ||
| Retail Iraqi Gold | 505,000 – 515,000 |
This fluctuation in gold prices is significant for both investors and consumers as it reflects broader economic trends in the region, making it a crucial consideration for market participants.
