The prices of Iraqi and foreign gold recorded an increase in local markets on Sunday morning in Baghdad and Erbil.
A reporter from the News Video Agency stated that the selling price of one mithqal of Gulf, Turkish, and European gold of 21 carats in the wholesale markets on Al-Nahr Street in Baghdad reached 923,000 dinars, while the buying price was 919,000 dinars, compared to 920,000 dinars on Saturday.
He added that the selling price of one mithqal of Iraqi gold of 21 carats recorded 893,000 dinars, while the buying price was 889,000 dinars.
In jewelry shops, the selling price of one mithqal of Gulf gold of 21 carats ranged between 925,000 and 935,000 dinars, while the selling price of one mithqal of Iraqi gold ranged between 895,000 and 905,000 dinars.
In Erbil, gold prices also increased, with the selling price of one mithqal of 22 carats reaching around 992,000 dinars, and 21 carats around 948,000 dinars, while 18 carats recorded around 812,000 dinars.
It is noted that gold prices in jewelry shops are determined according to a mathematical equation that takes into account the global price of an ounce of gold and the exchange rate of the dollar in the local market.