Gold Prices Decline in Baghdad; Stability Observed in Erbil
On Tuesday, the prices of both foreign and Iraqi gold experienced a decline in the local markets of Baghdad, while remaining stable in Erbil, the capital of the Kurdistan Region.
In Baghdad, wholesale markets reported that the selling price for a single weight of 21-carat gold from the Gulf, Turkey, and Europe was set at 611,000 dinars, with a purchase price of 607,000 dinars. Additionally, the selling price for a single weight of 21-carat Iraqi gold was noted at 581,000 dinars, while buyers could procure it for 577,000 dinars.
For goldsmiths, the selling price of 21-carat Gulf gold ranged between 610,000 and 620,000 dinars, whereas the selling price for Iraqi gold varied between 580,000 and 590,000 dinars.
In contrast, Erbil saw a steady pricing trend, with 24-carat gold selling at 715,000 dinars, 21-carat gold at 625,000 dinars, and 18-carat gold at 535,000 dinars.
Summary of Gold Prices
| Type | Selling Price (Dinars) | Purchase Price (Dinars) |
|---|---|---|
| 21-carat Gulf/ Turkish/ European Gold | 611,000 | 607,000 |
| 21-carat Iraqi Gold | 581,000 | 577,000 |
| 21-carat Gulf (Goldsmiths) | 610,000 to 620,000 | – |
| 21-carat Iraqi (Goldsmiths) | 580,000 to 590,000 | – |
| 24-carat Gold (Erbil) | 715,000 | – |
| 21-carat Gold (Erbil) | 625,000 | – |
| 18-carat Gold (Erbil) | 535,000 | – |
This fluctuation in gold prices reflects broader market dynamics and may impact investment and purchasing behaviors in the region.
