Gold prices for Iraqi and foreign varieties remained unchanged in Baghdad’s local markets on Monday, while Erbil witnessed a slight increase across several gold categories.
At wholesale markets on Al-Nahr Street in Baghdad, the selling price of one mithqal of 21-carat Gulf, Turkish and European gold reached 990,000 Iraqi dinars, while the buying price stood at 986,000 dinars, maintaining the same levels recorded on Sunday.
Iraqi 21-carat gold was priced at 960,000 dinars per mithqal for selling, while its buying price reached 956,000 dinars.
At Baghdad’s jewelry shops, the selling price of one mithqal of 21-carat Gulf gold ranged between 990,000 dinars and one million dinars. Meanwhile, Iraqi gold of the same carat was sold at prices ranging from 960,000 to 970,000 dinars.
In Erbil, gold prices recorded a modest increase. The selling price of 22-carat gold reached approximately 1.05 million dinars, while 21-carat gold stood at 1.002 million dinars and 18-carat gold reached 860,000 dinars.
Local gold prices are influenced by international ounce prices and domestic dollar exchange rates, alongside workmanship fees that vary from one jewelry shop to another.
