Gold Prices Rise in Baghdad and Erbil

Gold prices increased on Saturday in Baghdad and Erbil, driven by global price gains and dollar movements.

In Baghdad, 21-karat gold reached 1.024 million IQD per mithqal for selling and 1.020 million IQD for buying, up from 1.014 million previously.

Iraqi 21-karat gold recorded 994,000 IQD for selling and 990,000 IQD for buying, while retail prices ranged between 1.025 and 1.035 million IQD.

In Erbil, 22-karat gold reached 1.079 million IQD, 21-karat 1.030 million IQD, and 18-karat 883,000 IQD.

Gold pricing locally depends on global ounce prices and the local dollar exchange rate.