2024-03-21T09:18:45+00:00
A-
A
A+
/ The costs of “international and Iraqi” gold rose within the native markets within the capital, Baghdad, right now, Thursday (March 21, 2023).
Company correspondent mentioned that gold costs within the wholesale markets on Al-Nahr Road within the capital, Baghdad, recorded this morning, the promoting worth of 1 weight of 21 carat of Gulf, Turkish and European gold at 458 thousand dinars, and the acquisition worth at 454 thousand dinars.
Our correspondent indicated that the promoting worth of 1 mithqal of 21 carat Iraqi gold was recorded at 428 thousand dinars, and the acquisition worth reached 424 thousand.
Concerning gold costs in goldsmiths’ outlets, the promoting worth of a 21-carat Gulf gold mithqal ranges between 460,000 and 470,000 dinars, whereas the promoting worth of an Iraqi gold mithqal ranged between 430,000 and 440,000 dinars.
Early this morning, gold costs rose to an unprecedented degree, amid a decline within the greenback and bond yields, after the Federal Reserve (the US central financial institution) maintained its expectations of three rate of interest cuts this yr.
Low rates of interest cut back the chance price of holding non-yielding bullion and put strain on the greenback, making gold cheaper for patrons in different currencies.
Gold rose in immediate transactions 0.8 % to $2,203.84 per ounce by 01:53 GMT, after recording the very best degree ever at $2,222.39 earlier within the session. US gold futures jumped 2.1 % to $2,206.30.