Baghdad: Gold prices, both foreign and Iraqi, rose on Tuesday in local markets in Baghdad and Erbil.

According to National Iraqi News Agency, the wholesale price of gold in Baghdad’s Al-Nahr Street market reached 1.130 million Iraqi dinars per mithqal (approximately 4.5 grams) of 21-karat Gulf, Turkish, and European gold, with a buying price of 1.126 million dinars. This compares to 1.110 million dinars per mithqal on Monday. The selling price of 21-karat Iraqi gold was 1.100 million dinars per mithqal, while the buying price was 1.096 million dinars per mithqal.

In jewelry shops, the selling price of 21-karat Gulf gold ranged between 1.130 million and 1.140 million dinars per mithqal, while the selling price of Iraqi gold ranged between 1.100 million and 1.110 million dinars per mithqal.

In Erbil, gold prices also rose, with 22-karat gold selling for approximately 1.175 million dinars, 21-karat gold for approximately 1.121 million dinars, and 18-karat gold for approximately 961,000 dinars.