Gold Prices Rise in Baghdad and Erbil Markets
Gold prices for both foreign and Iraqi gold saw increases in local markets in Baghdad and Erbil, the capital of the Kurdistan Region, on Thursday.
In wholesale markets at the River Evidence in Baghdad, the price of one weight of 21-carat gold—covering Gulf, Turkish, and European varieties—was recorded at 622,000 dinars for sales and 618,000 dinars for purchases.
Additionally, the selling price for one weight of 21-carat Iraqi gold was noted at 592,000 dinars, while the purchase price stood at 588,000 dinars.
Retail Market Trends
In jewelry stores, the selling price of Gulf 21-carat gold ranged between 625,000 and 635,000 dinars, while the price for Iraqi gold fell between 595,000 and 605,000 dinars.
Erbil Gold Market Updates
The trend of increasing gold prices extended to Erbil as well, where prices for 24-carat gold reached 715,000 dinars. The selling prices for 21-carat and 18-carat gold were reported at 625,000 dinars and 535,000 dinars, respectively.
| Gold Type | Baghdad Selling Price (Dinars) | Baghdad Purchase Price (Dinars) | Erbil Selling Price (Dinars) |
|---|---|---|---|
| 21-carat Gulf | 622,000 | 618,000 | 625,000 |
| 21-carat Iraqi | 592,000 | 588,000 | – |
| Gulf Gold (Jewelry) | 625,000 – 635,000 | – | – |
| Iraqi Gold (Jewelry) | 595,000 – 605,000 | – | – |
| 24-carat | – | – | 715,000 |
| 18-carat | – | – | 535,000 |
As these price fluctuations are observed, it remains crucial for investors and market participants to keep a vigilant eye on gold price trends in the region. The current climate reflects ongoing developments in the precious metals market.
