Iraq Gold Prices Plummet to 850k IQD

Gold prices in Iraq fluctuated on Sunday, with the precious metal hovering around 850,000 IQD per mithqal in Baghdad and Erbil markets. According to a Shafaq News market survey, gold prices on Baghdad's Al-Nahr Street were recorded at 852,000 IQD for selling and 848,000 IQD for buying per five grams of 21-carat gold. This is inclusive of Gulf, Turkish, and European varieties.

The same gold had sold for 856,000 IQD on Saturday. In jewelry stores, the selling price per mithqal of 21-carat Gulf gold ranged between 850,000 and 860,000 IQD, while Iraqi gold sold for between 820,000 and 830,000 IQD.

In Erbil, 22-carat gold was sold at 894,000 IQD per mithqal, 21-carat gold at 855,000 IQD, and 18-carat gold at 732,000 IQD. The prices for these various types of gold were reported from different markets in Iraq.