Gold prices, both foreign and Iraqi, have stabilized in the local markets of Baghdad, while experiencing a decline in Erbil, the capital of the Kurdistan Region, as of Saturday.
In Baghdad’s wholesale markets, particularly at the River Evidence, the price for 21-carat Gulf, Turkish, and European gold was recorded at 605,000 dinars for sale, while the purchase price stood at 601,000 dinars.
Conversely, the selling price for one weight of 21-carat Iraqi gold was noted at 575,000 dinars, with the purchase price at 571,000 dinars.
In goldsmiths’ stores, the selling price of 21-carat Gulf gold ranged between 605,000 and 615,000 dinars, whereas the price for Iraqi gold was between 575,000 and 585,000 dinars.
In Erbil, a downward trend in gold prices was observed, with 24-carat gold priced at 685,000 dinars, 22-carat at 628,000 dinars, 21-carat at 600,000 dinars, and 18-carat at 515,000 dinars.
| Gold Type | Baghdad (Selling Price) | Baghdad (Purchase Price) | Erbil (Selling Price) |
|---|---|---|---|
| 24-carat | N/A | N/A | 685,000 dinars |
| 22-carat | N/A | N/A | 628,000 dinars |
| 21-carat (Gulf, Turkish, European) | 605,000 dinars | 601,000 dinars | 600,000 dinars |
| 21-carat (Iraqi) | 575,000 dinars | 571,000 dinars | N/A |
| 18-carat | N/A | N/A | 515,000 dinars |
These fluctuations in gold prices reflect the ongoing dynamics within the Iraqi market, influenced by regional economic conditions.