Gold Prices in Baghdad: Current Trends and Insights
As of this morning, wholesale markets in Baghdad report that the price for one weight (approximately 1 gram) of 21-carat gold from the Gulf, Turkey, and Europe has reached 615,000 Iraqi dinars, with purchase prices slightly lower at 611,000 dinars.
In contrast, the selling price for one weight of 21-carat Iraqi gold is currently at 585,000 dinars, with the purchase price recorded at 581,000 dinars.
Moreover, goldsmiths’ stores in Baghdad reflect a range of selling prices: 21-carat Gulf gold is priced between 615,000 and 625,000 dinars, while the selling price for Iraqi gold fluctuates between 585,000 and 595,000 dinars.
| Gold Type | Selling Price (ID) | Purchase Price (ID) |
|---|---|---|
| Gulf/Turkish/European 21-carat Gold | 615,000 | 611,000 |
| Iraqi 21-carat Gold | 585,000 | 581,000 |
| Goldsmiths’ Gulf Gold | 615,000 – 625,000 | N/A |
| Goldsmiths’ Iraqi Gold | 585,000 – 595,000 | N/A |
The dynamics of gold pricing in the capital underline the ongoing trends and the sentiment within the local market. Investors and buyers alike remain attentive to these fluctuations as they navigate the current economic landscape.
