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Gold Prices Surge in Baghdad and Erbil Markets Today

Gold Prices Surge in Baghdad and Erbil Markets

Recent developments in the local gold markets of Baghdad and Erbil have shown a marked increase in gold prices, reflecting shifts in demand.

Current Wholesale Prices in Baghdad

As of Wednesday morning, wholesale markets along the river in Baghdad reported:

  • 21-Carat Gulf, Turkish, and European Gold:
    • Selling Price: 600,000 Iraqi Dinars
    • Purchase Price: 596,000 Iraqi Dinars

Conversely, the prices for Iraqi gold stood at:

  • 21-Carat Iraqi Gold:
    • Selling Price: 570,000 Iraqi Dinars
    • Purchase Price: 566,000 Iraqi Dinars

Retail Prices in Jewelry Stores

In the retail sector, prices for gold in local jewelry stores varied:

  • 21-Carat Gulf Gold: Selling prices ranged between 600,000 and 610,000 Iraqi Dinars.
  • 21-Carat Iraqi Gold: Selling prices varied from 570,000 to 580,000 Iraqi Dinars.

Erbil Market Stability

In the Kurdistan Region’s capital of Erbil, gold prices have remained stable. The recorded prices were:

  • 24-Carat Gold: 675,000 Iraqi Dinars
  • 21-Carat Gold: 590,000 Iraqi Dinars
  • 18-Carat Gold: 505,000 Iraqi Dinars

Summary of Gold Prices

Type of Gold Baghdad Selling Price (IQD) Baghdad Purchase Price (IQD) Erbil Selling Price (IQD)
24-Carat Gold N/A N/A 675,000
21-Carat Gulf Gold 600,000 596,000 590,000
21-Carat Iraqi Gold 570,000 566,000 N/A
18-Carat Gold N/A N/A 505,000

This uptick in gold prices indicates market responsiveness and potentially reflects broader economic trends that could influence investment and consumer behavior in Iraq and the surrounding regions. The market’s performance will be closely observed as prices fluctuate in response to various economic indicators.

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