2024-02-22T10:46:29+00:00
According to Shafaq news, gold prices went up in Baghdad’s local markets on Thursday, while remaining stable in Erbil, the capital of the Kurdistan Region.
It was reported that in the wholesale markets on Al-Nahr Street in Baghdad, the selling price per mithqal (five grams) for 21-carat gold, including Gulf, Turkish, and European gold, was 432,000 IQD, with a buying price of 428,000 IQD.
The selling price per mithqal of 21-carat Iraqi gold was 402,000 IQD, while the buying price was 398,000 IQD.
In jewelry stores, the selling price of 21-carat Gulf gold per mithqal ranged between 435,000 and 445,000 IQD, while the selling price of 21-Carat Iraqi gold ranged between 405,000 and 415,000 IQD.
In Erbil, the selling price per mithqal of 24-carat gold was recorded at 503,000 IQD, 21-carat gold was sold at 443,000 IQD, and 18-carat gold was sold at 383,000 IQD.
Insight: The increase in gold prices in Baghdad’s local markets reflects ongoing fluctuations in the precious metal’s valuation, which can be influenced by economic factors and geopolitical events. Gold is often considered a safe-haven investment during times of uncertainty, such as global conflicts or economic downturns, which can drive up demand and impact prices. The stability of gold prices in Erbil suggests a localized market dynamic that may be influenced by different regional factors. Tracking these price changes can provide valuable insights for investors and consumers in monitoring the market and making informed decisions.
