A “vital” rise in gold costs in Baghdad and stability in Erbil

by times news cr

2024-03-05T08:07:14+00:00

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/ Overseas and Iraqi gold costs rose considerably within the native markets within the capital, Baghdad, however costs stabilized in Erbil, the capital of the Kurdistan Area, at this time, Tuesday (March 5, 2023).

Company correspondent stated that gold costs within the wholesale markets on Al-Nahr Avenue within the capital, Baghdad, recorded this morning, the promoting value of 1 weight of 21 karat Gulf, Turkish and European gold at 443 thousand dinars, and the acquisition value at 439 thousand dinars.

Yesterday, Monday; Gold costs within the wholesale markets on Al-Nahr Avenue within the capital, Baghdad, recorded a promoting value of 435 thousand dinars for one weight of 21 karat Gulf, Turkish and European gold, and a purchase order value of 431 thousand dinars.

Our correspondent indicated that the promoting value of 1 mithqal of 21 carat Iraqi gold was recorded at 413 thousand dinars, and the acquisition value reached 409 thousand.

Relating to gold costs in goldsmiths’ outlets, the promoting value of a 21-carat Gulf gold mithqal ranges between 445,000 and 455,000 dinars, whereas the promoting value of an Iraqi gold mithqal ranged between 415,000 and 425,000 dinars.

As for gold costs in Erbil, the promoting value of 24 karat gold was 510 thousand dinars, 21 karat gold was 450 thousand dinars, and 18 karat gold was 390 thousand dinars.

One mithqal of gold is the same as 5 grams.

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