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Shafaq News/ "Foreign and Iraqi" gold prices fell in the local markets for the second day today, Tuesday (10 May 2022).
Shafak News Agency correspondent said that gold prices in the wholesale markets on Al-Nahr Street in the capital, Baghdad, recorded this morning, the selling price of one weight of 21 karat of Gulf, Turkish and European gold is 382 thousand dinars, and the purchase price is 378 thousand, while the selling prices recorded yesterday, Monday, 384 thousand. Dinars per weight.
Our correspondent indicated that the sale price of one 21-carat weight of Iraqi gold also decreased at 342 thousand dinars, and the purchase price reached 338 thousand.
With regard to gold prices in goldsmiths’ shops, the price of selling the weight of Gulf 21-carat gold ranges between 380 thousand and 390 thousand dinars, while the selling price ranged from the weight of Iraqi gold between 340 thousand and 350 thousand dinars.
It is equal to one mithqal of gold (five grams).
Goldsmith Wissam Al-Araji said in an interview with Shafaq News Agency, "Local gold prices are directly affected by global gold prices, and therefore this decline is the result of the drop in an ounce of gold globally."
He added that "the main stock exchange on Al-Nahr Street in Baghdad is daily pricing gold locally according to the international prices of an ounce of gold," adding that "gold prices are also affected by the prices of the dollar that is sold locally."
It is noteworthy that the prices of an ounce of gold are currently witnessing a decline in their prices, as gold prices fell by more than 1% on Tuesday, with the attractiveness of the precious metal that does not generate returns from a jump in US Treasury bond yields and the dollar’s rise to a two-decade high.
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Gold prices continue to decline in the Iraqi markets, and a jeweler attributes this to the global stock exchange
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Shafaq News/ "Foreign and Iraqi" gold prices fell in the local markets for the second day today, Tuesday (10 May 2022).
Shafak News Agency correspondent said that gold prices in the wholesale markets on Al-Nahr Street in the capital, Baghdad, recorded this morning, the selling price of one weight of 21 karat of Gulf, Turkish and European gold is 382 thousand dinars, and the purchase price is 378 thousand, while the selling prices recorded yesterday, Monday, 384 thousand. Dinars per weight.
Our correspondent indicated that the sale price of one 21-carat weight of Iraqi gold also decreased at 342 thousand dinars, and the purchase price reached 338 thousand.
With regard to gold prices in goldsmiths’ shops, the price of selling the weight of Gulf 21-carat gold ranges between 380 thousand and 390 thousand dinars, while the selling price ranged from the weight of Iraqi gold between 340 thousand and 350 thousand dinars.
It is equal to one mithqal of gold (five grams).
Goldsmith Wissam Al-Araji said in an interview with Shafaq News Agency, "Local gold prices are directly affected by global gold prices, and therefore this decline is the result of the drop in an ounce of gold globally."
He added that "the main stock exchange on Al-Nahr Street in Baghdad is daily pricing gold locally according to the international prices of an ounce of gold," adding that "gold prices are also affected by the prices of the dollar that is sold locally."
It is noteworthy that the prices of an ounce of gold are currently witnessing a decline in their prices, as gold prices fell by more than 1% on Tuesday, with the attractiveness of the precious metal that does not generate returns from a jump in US Treasury bond yields and the dollar’s rise to a two-decade high.
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