Gold Prices Increase in Baghdad
In the capital city of Baghdad, the prices of both Iraqi and foreign gold demonstrated an upward trend this morning.
The wholesale markets on Al-Nahr Street reported that the selling price for one weight of 21-carat gold, including Gulf, Turkish, and European varieties, stood at approximately 585,000 dinars, while the purchase price reached 581,000 dinars.
For Iraqi gold, the selling price for one weight of 21-carat gold was recorded at 555,000 dinars, with the purchase price at 551,000 dinars.
Gold Prices in Retail Shops
In the goldsmiths’ retail shops, variations in pricing were noted. The selling price of one weight of 21-carat Gulf gold ranged from 585,000 to 595,000 dinars, whereas the weight of Iraqi gold was priced between 555,000 and 565,000 dinars.
Understanding these fluctuations is critical for investors and consumers alike, as gold remains a key asset in financial markets and a hedge against inflation.
Type of Gold | Selling Price (Dinars) | Purchase Price (Dinars) |
---|---|---|
Gulf/Turkish/European | 585,000 | 581,000 |
Iraqi | 555,000 | 551,000 |
Retail Gulf Gold | 585,000 – 595,000 | – |
Retail Iraqi Gold | 555,000 – 565,000 | – |
This increase in gold prices reflects ongoing trends in both local and global markets, highlighting the importance of staying informed about market movements.