Gold prices in Iraq stabilize in Baghdad and rise slightly in Erbil

varieties remained stable in Baghdad’s local markets on Monday, while Erbil recorded a slight increase, according to market prices.

At wholesale markets on Al-Nahr Street in Baghdad, the selling price of one mithqal of 21-carat Gulf, Turkish and European gold stood at 990,000 Iraqi dinars, while the buying price reached 986,000 dinars, unchanged from Sunday.

Meanwhile, Iraqi 21-carat gold was sold at 960,000 dinars per mithqal, with a buying price of 956,000 dinars. At jewelry shops, the selling price of Gulf 21-carat gold ranged between 990,000 dinars and one million dinars, while Iraqi gold ranged from 960,000 to 970,000 dinars.

In Erbil, prices edged higher, with 22-carat gold selling at approximately 1.05 million dinars, 21-carat gold at 1.002 million dinars, and 18-carat gold at 860,000 dinars, based on the reported figures.

Gold prices at jewelry shops are calculated based on international ounce prices and local dollar exchange rates, in addition to workmanship charges that may vary between shops.