Gold Price Trends in Baghdad and Erbil
On Monday, the gold prices in Baghdad experienced a decline in contrast to rising values in Erbil, the capital of the Kurdistan Region.
Baghdad Market Overview
In Baghdad’s wholesale markets, specifically at the River Evidence, the price for one weight of 21-carat Gulf, Turkish, and European gold was noted at 615,000 dinars for sales, while the purchase price stood at 611,000 dinars. For Iraqi gold, the selling price for one weight of 21-carat was recorded at 585,000 dinars, with a purchase price of 581,000 dinars.
In goldsmith shops, the selling price for Gulf 21-carat gold fluctuated between 615,000 and 625,000 dinars, while Iraqi gold was priced between 585,000 and 595,000 dinars.
Erbil Gold Market Insights
Conversely, the gold prices in Erbil showed an upward trend. The prices for various karat levels were as follows:
- 24 Carat: 715,000 dinars
- 22 Carat: 655,000 dinars
- 21 Carat: 625,000 dinars
- 18 Carat: 535,000 dinars
Summary of Gold Prices
| Location | Karat | Selling Price (Dinars) | Purchase Price (Dinars) |
|---|---|---|---|
| Baghdad | 21 (Gulf/Turkish/European) | 615,000 | 611,000 |
| Baghdad | 21 (Iraqi) | 585,000 | 581,000 |
| Baghdad | 21 (Gulf in shops) | 615,000 – 625,000 | – |
| Baghdad | 21 (Iraqi in shops) | 585,000 – 595,000 | – |
| Erbil | 24 | 715,000 | – |
| Erbil | 22 | 655,000 | – |
| Erbil | 21 | 625,000 | – |
| Erbil | 18 | 535,000 | – |
This overview provides valuable insights into the current gold market dynamics, highlighting regional price variances that may affect investment decisions.
