The stability of gold prices in the Iraqi markets... and an expert: its pricing locally is linked to the "global"
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 355 thousand dinars, and the purchase price 351 thousand, while the selling prices for Thursday were 347 thousand dinars. for one weight.
Our correspondent indicated that the selling price of one 21-carat weight of Iraqi gold was also stable at 315 thousand dinars, and the purchase price reached 311 thousand.
With regard to gold prices in the jewelers’ shops, the price of selling the weight of Gulf gold 21 carat ranged between 355 thousand and 365 thousand dinars, while the selling price ranged from the weight of Iraqi gold between 315 thousand and 325 thousand dinars.
It is equal to one mithqal of gold (five grams).
for his part; The financial expert, Hilal Tahan, said in an interview with Shafak News Agency; "Gold prices in Iraq are linked to global ounce prices and local dollar prices," noting that "the decline in gold prices in the local markets during the past week is due to the drop in an ounce of gold globally from 1810 to 1700 dollars, and thus this was reflected in their local prices."
He added that "gold prices are expected to remain low as a result of the Federal Reserve's tendency to increase interest rates, which affects gold prices globally."
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