Gold prices rose today in Iraq, Monday, March 14, 2022, despite the precious metal’s decline at the start of the week’s sessions in global markets.
Gold Price Today in Iraq
And a gram of 24-carat gold in Iraq, during today’s trading, registered 93,687 thousand dinars (63.65 dollars).
And the 21-carat gold gram in Iraq (the most traded in the market) rose today, to about 81,978 thousand dinars (55.69 dollars).
And the average price of a gram of 18-carat gold in Iraq, in today’s trade, was about 70,266 thousand dinars ($47.74).
Regarding cheap gold prices in Iraq today, the average price of a gram of 14-karat gold was about 54,651 thousand dinars ($37.13).
The price of an ounce and a pound of gold today in Iraq
The average price of an ounce of gold today in Iraq was about 2,914 million dinars ($1979).
While the average price of a pound of gold (8 grams of 21 carats) in Iraq today, it is about 655,824 thousand dinars (445.53 dollars).
Gold prices today worldwide
Globally, gold prices fell on Monday, with the flash drop in metal prices being attributed to higher US Treasury yields as investors anticipate the US Federal Reserve to close. the adjustment cycle will begin soon.
And the price of spot gold fell 0.7 percent to $1,971.77 an ounce by 0303 GMT. US gold futures also fell 0.5% to $1,975.70.
10-year US Treasury yields rose to their highest level in a month. All eyes are on the US Federal Reserve meeting scheduled for this week.
The central bank is expected to raise interest rates by a quarter of a percentage point at meetings next Wednesday. It should be noted that gold is highly sensitive to rising US interest rates.
On the other hand, world stocks rose on Monday, hoping for a respite in the Russo-Ukrainian crisis.