Slight drop in local Iraqi gold markets

Economy. Iraqi and foreign gold prices recorded a slight decline on Thursday in local markets across Baghdad and Erbil, coinciding with the drop in US dollar exchange rates. According to circulating data, the selling price of one mithqal of Gulf, Turkish, and European gold of 21 karat in the wholesale markets on Al-Nahr Street in Baghdad reached 970,000 dinars, while the buying price was 966,000 dinars, compared to 973,000 dinars for sale yesterday, Wednesday. Meanwhile, 21 karat Iraqi gold recorded a selling price per mithqal of 940,000 dinars, while the buying price hit 936,000 dinars. In jewelry shops, the selling price of a mithqal of 21 karat Gulf gold ranged between 970,000 and 980,000 dinars, whereas the selling price of an Iraqi gold mithqal ranged between 940,000 and 950,000 dinars.