Gold prices rose today in Iraq during overnight trading on Sunday, March 27, 2022, coinciding with the weekly holiday for global precious metals markets.
Gold Price Today in Iraq
The price of a gram of 24-carat gold today in Iraq is about 92,234 thousand dinars ($63).
The price of a gram of 18-carat gold today in Iraq was about 69,177 thousand dinars ($47.25).
As for cheap gold prices in Iraq today, the price of 14-carat gold per gram recorded about 53,804 thousand dinars ($36.75).
While the price of a gram of 12-carat gold reached today in Iraq about 46,117 thousand dinars ($31.50).
21 karat gold price today in Iraq
And the price of a gram of 21-carat gold today in Iraq, (the most traded on the market), was around 80,707 thousand dinars (55.13 dollars).
The average price of an ounce in Iraq today was about 2,868 million dinars ($1959).
And the average price of a pound of gold today in Iraq (8 grams of 21 carats) marked about 645,655 thousand dinars (441.03 dollars).
Gold prices today worldwide
Globally, gold prices fell at the close of the trading session on Friday (the last session of the week), but posted weekly gains in light of rising Russo-Ukrainian war anxiety and inflationary pressures.
The United States and its allies held more meetings on Friday to discuss developments in the Ukraine war, after US President Joe Biden and European Commission President Ursula von der Leyen announced the formation of a joint team. to reduce the bloc’s dependence on Russian energy supplies.
Separately, US Treasury Secretary Janet Yellen said in an interview with CNBC that she expects the US economy’s strong performance to continue despite rising energy prices and raw Materials.
The report from the University of Michigan showed that the US consumer confidence index registered 59.4 points in the final reading for the month of March, which is the lowest level in 10 years, compared to 62.8 points in February. previous. 5.4% next year.
Accelerating inflation in the United States prompted more members of the Federal Reserve to support raising interest rates by 50 basis points. May be appropriate depending on economic data.
And the price of gold futures contracts for April delivery fell 0.4%, or $8, to hit $1,954.20 an ounce as the trading session settled on Friday, but posted weekly gains of around 1 ,3%.
The price of gold for June delivery also fell 0.4%, or $7.90, to settle at $1,959.80 an ounce at the close, while its weekly gain topped 1.3%.