Iraq Markets: Gold Up, Dollar Down at Week Start

Gold prices increased in Iraq as the week began, while the dollar declined.

21-carat gold in Baghdad reached 978,000 IQD for selling.

This marks an increase from last week’s closing levels.

Iraqi gold was priced at 948,000 IQD.

Retail gold reached up to 990,000 IQD for imported types.

Local gold ranged between 950,000 and 960,000 IQD.

In Erbil, 21-carat gold surpassed 1 million IQD.

22-carat gold exceeded 1.05 million IQD.

Prices depend on global gold and exchange rates.

The dollar dropped to 154,450 IQD per 100 USD.

Previously, it was trading at higher levels.

This reflects the inverse relationship between gold and the dollar.