Gold prices in Iraq fell today, Friday, February 11, 2022, coinciding with the decline of the precious metal in global markets.
Gold price in Iraq today
And the price of a gram of 24 karat gold in Iraq today was regarding 85,832 dinars ($58.79).
And the price of a gram of 18 carat gold in Iraq today fell to 64,375 dinars ($44.10).
As for economic gold prices in Iraq today, the price of a gram of 14-karat gold scored regarding 50069 dinars ($34.30).
The price of 21 karat gold in Iraq today
And the price of a gram of 21 karat gold in Iraq today (the most traded in the market) fell to regarding 75,105 dinars ($51.45).
The price of an ounce in Iraq today was regarding 2.669 million dinars (1829 dollars), and the price of the gold pound in Iraq today (8 grams of 21 carat) recorded regarding 600,841 thousand dinars (411.57 dollars).
Gold prices today globally
Gold prices fell on Friday, as a sharp increase in costs overshadowed the attractiveness of the yellow metal as a hedge once morest inflation.
This comes following US consumer price data, fueling bets for a rate hike from the US Federal Reserve next month.
Yesterday, gold prices ended their trading on a rise for the fifth consecutive session, to record the longest daily wave of gains since November, following US inflation data.
Today, the price of gold futures contracts – April delivery – decreased by 0.51%; To reach the level of $ 1828.10 an ounce.
And the price of spot delivery of the yellow metal settled at 1826.87 dollars an ounce.
Gold prices are up regarding 1.1% so far this week, as inflationary risks and geopolitical tensions increase demand for safe assets.
At the same time, the price of silver futures contracts – for March delivery – fell by 2.09%, recording $23.03 an ounce.
The spot platinum price also rose by 0.2% at $1031.90 an ounce, while the spot palladium price fell by 0.65%, to record the level of $2245.27 an ounce.
