Gold Prices Decline in Baghdad Markets
On Tuesday, both foreign and domestic gold prices experienced a decrease in the capital city of Baghdad, marking a shift in market trends.
Local sources indicate that in the wholesale markets along the River Evidence, the selling price for one weight of 21-carat Iraqi gold was recorded at 570,000 dinars, while the purchase price fell to 566,000 dinars.
In retail settings, prices for 21-carat Gulf gold varied between 600,000 to 610,000 dinars, whereas Iraqi gold weights were priced between 570,000 and 580,000 dinars. This fluctuation reflects the ongoing dynamics within the gold market, influenced by both local and international factors.
| Gold Type | Sell Price (Dinars) | Buy Price (Dinars) |
|---|---|---|
| 21-carat Iraqi Gold | 570,000 | 566,000 |
| 21-carat Gulf Gold | 600,000 – 610,000 | N/A |
| Iraqi Gold Weights | 570,000 – 580,000 | N/A |
This recent performance highlights the shifting landscape of gold prices in Baghdad, a key indicator of economic sentiment in the region.
