Surge in Gold Prices Observed in Baghdad and Erbil Markets
Gold prices for both foreign and Iraqi varieties experienced an uptick in the local markets of Baghdad and Erbil, the capital of the Kurdistan Region, today.
Pricing Overview in Baghdad
In the wholesale markets of Baghdad, the selling price this morning for a single weight of 21-carat Gulf, Turkish, and European gold reached 612,000 dinars, with a purchase price of 608,000 dinars. Concurrently, the selling price for one weight of 21-carat Iraqi gold was recorded at 582,000 dinars, while the purchase price stood at 578,000 dinars.
In jewelry stores, the selling price of 21-carat Gulf gold fluctuated between 615,000 and 625,000 dinars, whereas the price range for selling Iraqi gold weights was between 575,000 and 585,000 dinars.
Gold Prices in Erbil
The market in Erbil reflected a similar trend, with an increase in gold prices. The selling price for 24-carat gold hit 697,000 dinars. Additionally, 21-carat gold was priced at 710,000 dinars, and 18-carat gold was available for 522,000 dinars.
Summary of Gold Prices
| Gold Type | Baghdad Selling Price (Dinars) | Baghdad Purchase Price (Dinars) | Erbil Selling Price (Dinars) |
|---|---|---|---|
| 21-carat Gulf | 612,000 – 625,000 | 608,000 | 710,000 |
| 21-carat Iraqi | 582,000 – 585,000 | 578,000 | – |
| 24-carat | – | – | 697,000 |
| 18-carat | – | – | 522,000 |
The observed price increases in the gold market underscore the dynamic nature of commodity pricing within these key regional markets. The fluctuations reflect ongoing economic conditions and consumer demand.
