Commodities

Gold Prices Surge: 21-Carat Hits 591,000 Dinars Today!

Gold Prices on the Rise: A 6,000 Dinar Increase Observed Today

The price of gold continues its upward trajectory, with an increase of 6,000 dinars noted today compared to yesterday. This surge reflects ongoing fluctuations in the market and trader sentiment.

According to Abdullah Akram, deputy president of the Erbil Jewelers Union, the current market prices stand at:

Gold Type Current Price (Dinars) Price Yesterday (Dinars)
21-Carat Gold 591,000 585,000
18-Carat Gold 506,000 500,000
22-Carat Gold 618,000 612,000
24-Carat Gold 674,000 668,000

Over the past week, Akram noted that each gram of gold has risen by 13,000 dinars. In terms of the international market, gold prices reached $2,797 per ounce yesterday.

Market dynamics are being influenced by growing concerns over trade tensions between the United States and its neighbors, Canada and Mexico. Additionally, a declining dollar alongside shifts in U.S. Treasury finance contributes to the increasing gold prices, as investors look for stability in response to economic uncertainties.

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