Gold Prices in Baghdad: Market Update
As of Wednesday, current market evaluations in Baghdad indicate a shift in gold pricing for both foreign and local varieties compared to the previous day.
According to local market sources, wholesale transactions along the River Evangers report that the selling price for one weight of 21-carat Gulf, Turkish, and European gold stands at 612,000 dinars, with a purchase price of 608,000 dinars. Similarly, the selling price for one weight of Iraqi gold in this category has been recorded at 582,000 dinars, with a purchasing rate of 578,000 dinars.
In retail spaces, the pricing for 21-carat Gulf gold ranges from 615,000 to 625,000 dinars per weight. In contrast, the selling price of Iraqi gold reflects a slightly lower range, fluctuating between 505,000 and 515,000 dinars.
Gold Price Overview
| Type of Gold | Selling Price (Dinars) | Purchase Price (Dinars) |
|---|---|---|
| Gulf, Turkish, European Gold | 612,000 | 608,000 |
| Iraqi Gold | 582,000 | 578,000 |
| Retail Gulf Gold (21-carat) | 615,000 – 625,000 | N/A |
| Retail Iraqi Gold (21-carat) | 505,000 – 515,000 | N/A |
This update illustrates the fluctuations within Baghdad’s gold market, indicating a noteworthy landscape for investors and consumers alike, as they navigate through changing commodity prices.
