Baghdad, Iraq- Gold prices saw an increase on Wednesday in both Baghdad and Erbil markets, according to market data.
In Baghdad’s Al-Nahr Street market, the price of 21-carat gold, including Gulf, Turkish, and European varieties, reached 600,000 IQD per mithqal (equivalent to five grams) for selling, while the buying price stood at 596,000 IQD. Meanwhile, 21-carat Iraqi gold was sold at 570,000 IQD per mithqal, with a buying price of 560,000 IQD.
Jewelry stores in Baghdad priced 21-carat Gulf gold between 600,000 and 610,000 IQD per mithqal, while Iraqi gold ranged from 570,000 to 580,000 IQD.
In Erbil, 24-carat gold was sold at 675,000 IQD per mithqal, 21-carat gold at 590,000 IQD, and 18-carat gold at 505,000 IQD.
The rise in gold prices reflects market fluctuations influenced by both local and global economic factors.
