2024-04-20T10:00:30+00:00
Shafaq News / Gold prices remained stable in Baghdad and Erbil on Saturday, April 20, 2024.
Our correspondent reported that gold prices in the wholesale markets on Al-Nahr Street in Baghdad recorded a selling price per mithqal (equals to five grams) for 21-carat gold from Gulf, Turkish, and European sources of 494,000 IQD, while the buying price was 490,000 IQD.
The selling price per mithqal of 21-carat Iraqi gold reached 464,000 IQD, with a buying price of 460,000 IQD.
In jewelry shops, the selling price of 21-carat Gulf gold ranged between 495,000 and 500,000 IQD, while the selling price of Iraqi gold ranged between 465,000 and 475,000 IQD.
In Erbil, a mithqal of 24-carat gold was sold at 565,000 IQD, 22-carat gold at 520,000 IQD for, 21-carat gold at 500,000 IQD, and 18-carat gold at 435,000 IQD.
### Additional Insight:
#### Market Stability:
The stability of gold prices in Baghdad and Erbil indicates a level of consistency in the market. This stability can be influenced by various factors such as global economic conditions, supply and demand dynamics, geopolitical events, and investor sentiment.
#### Price Variations:
The article highlights the price variations of gold based on different carats and sources. It’s essential for consumers and investors to stay informed about these variations to make informed decisions regarding buying or selling gold.
#### Regional Disparities:
The difference in prices between Gulf, Turkish, and Iraqi gold in the wholesale and retail markets sheds light on regional disparities in gold pricing. Understanding these regional variations can help individuals navigate the market more effectively.
