Gold Prices in the Kurdistan Region: Weekly Update
The price of gold has experienced a notable increase in the Kurdistan Region of Iraq, rising by approximately 10,000 dinars per gram compared to earlier this week.
Current gold prices in the Kurdistan Region are as follows:
| Gold Quality | Price (Dinars) |
|---|---|
| 24 carat | 708,000 |
| 22 carat | 647,000 |
| 21 carat | 618,000 |
| 18 carat | 530,000 |
For reference, on Saturday, the prices were reported as follows: 1 gram of 21-carat gold was 610,000 dinars, 22-carat gold was 639,000 dinars, 18-carat gold was priced at 522,000 dinars, and 24-carat gold stood at 697,000 dinars.
In the global market, the price of gold has decreased to $2,903 per ounce today.
Jiwanao, a financial market analyst at UBS Bank, commented on the trend: “The price of yellow metals continues to rise due to trade wars and concerns regarding their implications.” He further noted, “Gold prices are projected to reach $3,000 soon, driven by increased demand for precious metals.”
The potential for further trade tensions is underscored by recent statements from former President Trump, who has signaled plans to impose additional tariffs on imports, notably on automobiles, with the possibility of implementation beginning in early April.
