Gold Crosses Million-Dinar Mark in Baghdad Amid Notable Surge in 21-Karat Prices

 Gold prices in Baghdad's local markets hit a record high today, Sunday, as the 21-karat gold "mithqal" surpassed the one-million-Iraqi-dinar mark. In the Al-Nahar Street wholesale markets, the selling price for Gulf and foreign gold reached 1,046,000 IQD, while Iraqi gold hit 1,016,000 IQD per mithqal. Observers attribute this surge to increased local demand and global market fluctuations in 2026, leading to varying retail prices at goldsmith shops depending on craftsmanship costs.