Today, Saturday, October 15, during nighttime transactions, all calibres of gold prices in Iraq abruptly began to surge again.
In line with the beginning of the precious metals markets’ weekly holiday, which began today and will last until Sunday, gold prices increased on the Iraqi market on Saturday.
At the close of the week’s trade on Friday, gold prices increased their weekly loss, which had already reached $60 this week.
According to the Gold-price-today. com, a website that specialises in tracking gold prices, the price of gold in Iraq has increased by 24 percent to 77. 286 thousand dinars (52. 94 dollars) today, up from 77. 178 thousand dinars at the close of yesterday’s trading.
A gramme of 21-carat gold is currently selling for the best price in the Arab gold markets, at roughly 67. 627 thousand dinars (46. 32 dollars), up from 67. 532 thousand dinars at the close of yesterday’s trading.
Up to 57 were recorded using 18-carat gold.
966 thousand dinars (39. 70 dollars), whereas transactions for 14-caliber gold were registered in Iraq today in the evening for 45. 084 dinars (30. 88 dollars).
The price of an ounce of gold in Iraq in today’s dealings recorded about 2. 403 million Iraqi dinars (1646 dollars), while the price of the gold pound recorded 541. 016 thousand dinars (370. 56 dollars).
Gold prices lost more than $ 28 at the end of trading on Friday (the end of the week), amid increasing expectations regarding the approval of a significant increase by the federal reserve at the American interest rate.
Due to the upward trend in the performance of the dollar and the returns of US Treasury bonds, gold came under intense pressure and had substantial weekly losses over $ 60.
At the close of today’s trading, the price of gold metal futures for December delivery increased by 1.7%, or $28.1, to $ 1648.9 per ounce.
Gold dropped around 3.5% of its value this week, or $60, and that is a loss.
The dollar index, which tracks how the US dollar performs against a selection of major currencies, rose 0. 8% to 113. 292 points.
Surprisingly, the price of gold increased during Saturday’s evening trading in Iraq.
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