Gold Prices Stable in Baghdad, Higher in Erbil

BAGHDAD, Iraq — Gold prices held steady in Baghdad markets on Thursday while ticking higher in Erbil, according to market data. On Baghdad's Naher Street, wholesale prices for 21-karat Turkish and European gold bars remained at 965,000 dinars for selling and 961,000 dinars for buying. Iraqi 21-karat bars sold for 935,000 dinars and bought for 931,000 dinars. Retail jewelers quoted bar gold between 965,000 and 975,000 dinars, while Iraqi gold ranged from 935,000 to 945,000 dinars. In Erbil, 22-karat gold sold at 2,008,000 dinars. The price for 21-karat gold reached 963,000 dinars, and 18-karat gold traded at 825,000 dinars. The dollar exchange rate stood at 153,850 dinars per $100 at Baghdad's Al-Kifah and Harisiya exchanges. In Erbil, the rate was 153,750 dinars selling and 153,650 dinars buying. Gold prices first crossed the 1 million dinar threshold on January 21.