Gold drops in Baghdad and Erbil markets Shafaq News

Gold prices fell Thursday in Baghdad and Erbil, hovering around 900,000 IQD per mithqal (equivalent to five grams), according to Shafaq News market survey.

Wholesale prices on Al-Nahr Street in Baghdad recorded a sell price of 892,000 dinars per mithqal for 21-carat Gulf, Turkish, and European gold, with a buy price of 888,000 dinars, down from Wednesday’s 909,000 dinars.

Iraqi 21-carat gold sold at 862,000 dinars per mithqal, with a buy price of 858,000 dinars.

At jewelry stores, Gulf 21-carat gold ranged between 895,000 and 905,000 dinars per mithqal, while Iraqi 21-carat gold ranged between 865,000 and 875,000 dinars.

In Erbil, prices also declined, with 22-carat gold selling at 935,000 dinars per mithqal, 21-carat at 893,000 dinars, and 18-carat at 765,000 dinars.

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