A major decline in gold costs in Baghdad and stability in Erbil

by times news cr

2024-03-04T10:23:58+00:00

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/ International and Iraqi gold costs decreased considerably within the native markets within the capital, Baghdad, and stabilized in Erbil, the capital of the Kurdistan Area, right this moment, Monday.

A 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 carat of Gulf, Turkish and European gold at 435 thousand dinars, and the acquisition value at 431 thousand dinars.

Our correspondent indicated that the promoting value of 1 mithqal of 21 carat Iraqi gold was recorded at 405 thousand dinars, and the acquisition value reached 401 thousand.

Relating to particular person gold costs in goldsmiths’ outlets, the promoting value of a 21-carat Gulf gold mithqal ranges between 440,000 and 450,000 dinars, whereas the promoting value of an Iraqi gold mithqal ranges between 410,000 and 420,000 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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