Gold prices, both local and foreign, slightly rose in the local markets this morning, Wednesday, in Baghdad and Erbil, the capital of the Kurdistan region.
A correspondent for the news agency reported that gold prices in the wholesale market on Al-Nahr Street in Baghdad recorded, this morning, a selling price for one mithqal of 21-carat Gulf, Turkish, and European gold at 950,000 dinars, and a buying price of 946,000 dinars, while yesterday, Tuesday, it was recorded at 918,000 dinars.
The agency's correspondent pointed out that the selling price for one mithqal of 21-carat Iraqi gold is 920,000 dinars, with a buying price of 916,000 dinars.
Regarding gold prices in jewelry shops, the selling price for a mithqal of 21-carat Gulf gold ranged between 950,000 and 960,000 dinars, while the selling price for a mithqal of Iraqi gold ranged between 920,000 and 930,000 dinars.
As for gold prices in Erbil, there was also an increase, with the selling price for one mithqal of 22-carat gold reaching about 1,009,000 dinars, and 21-carat being around 965,000 dinars, while the selling price for 18-carat gold was approximately 826,000 dinars.
Gold is priced by jewelers according to a mathematical formula that incorporates the global price of the ounce and the local price of the dollar.