Gold prices rise in Baghdad and Erbil

Gold prices in Baghdad and Erbil have risen significantly, coinciding with the dollar's fluctuations and decisions to adjust the official exchange rate. In Baghdad, the price of the 21-karat gold per weight for Gulf, Turkish, and European gold was approximately 978,000 dinars for selling and 974,000 dinars for buying, marking an increase from the previous day. In Erbil, 22-karat gold was recorded at 35 million and 35 thousand dinars, 21-karat at around 988,000 dinars, and 18-karat at approximately 847,000 dinars. The rise in gold prices was driven by the volatility of the dollar exchange rate, which surpassed 163,000 dinars in the black market, coinciding with the start of the implementation of the decision to adjust the official exchange rate, amidst a state of market instability.

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