Baghdad and Erbil markets witness stability in yellow metal prices

by times news cr

2024-02-27T07:57:34+00:00

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/ The prices of “foreign and Iraqi” gold stabilized in the local markets in the capital, Baghdad, and in Erbil, the capital of the Kurdistan Region, today, Tuesday, (February 27, 2023).

Agency correspondent said that gold prices in the wholesale markets on Al-Nahr Street in the capital, Baghdad, recorded this morning a selling price for one mithqal of 21 karat Gulf, Turkish and European gold of 430 thousand dinars, and a purchase price of 426 thousand dinars.

Our correspondent indicated that the selling price of one mithqal of 21-karat Iraqi gold was recorded at 400 thousand dinars, and the purchase price was 396 thousand.

As for gold prices in goldsmiths’ shops, the selling price of a mithqal of 21-karat Gulf gold ranges between 435,000 and 445,000 dinars, while the selling price of a mithqal of Iraqi gold ranges between 405,000 and 415,000 dinars.

As for gold prices in Erbil, the selling price of a mithqal of 24-karat gold was recorded at 502 thousand dinars, 22-karat gold was sold at 462 thousand dinars, 21-karat gold was sold at 442 thousand dinars, and 18-karat gold was sold at 382 thousand dinars.

One mithqal of gold is equal to five grams.

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