2024-07-06T09:02:35+00:00
Shafaq News/ On Saturday, gold prices increased in Baghdad and Erbil markets.
Shafaq News Agency’s correspondent reported that gold prices on Baghdad’s Al-Nahr Street recorded a selling price of 497,000 IQD per mithqal (equals to five grams) of 21-carat gold, including Gulf, Turkish, and European gold, with a buying price of 493,000 IQD.
The selling price per mithqal of 21-carat Iraqi gold reached 467,000 IQD, with a buying price of 463,000 IQD.
In jewelry stores, the selling price per mithqal of 21-carat Gulf gold ranged between 500,000 and 510,000 IQD, while the selling price of Iraqi gold fluctuated between 470,000 and 480,000 IQD.
In Erbil, a mithqal of 24-carat gold was sold at 570,000 IQD, 21-carat gold at 500,000 IQD, and 18-carat gold was sold at 430,000 IQD.
Insight:
Gold prices are influenced by various factors, including economic conditions, geopolitical events, and investor sentiment. People often turn to gold as a safe-haven asset during times of uncertainty, which can drive up prices. Additionally, the demand for gold in sectors like jewelry and technology can impact its market value.
