Gold prices rise once again in Kurdistan and global markets today. After several days of decline, the market saw another increase in gold values. Analysts link this rise to new economic data from the U.S. and Europe.
Safin Werti, a member of the Erbil Goldsmiths Syndicate, said: “With the market reopening, the price of one ounce of gold rose to $5,065. Meanwhile, one mithqal of 22-karat gold reached 1,163,000 dinars. One mithqal of 21-karat gold increased to 1,110,000 dinars, and 18-karat gold is now 952,000 dinars.”
Dr. Mustafa Mala Hasan, an economic analyst, explained the reasons behind this shift. “Unemployment reports and agricultural data from the U.S., combined with European inflation figures, are influencing the market. Investors are reacting to these changes, causing gold prices to rise.”
He added, “Important economic data from the U.S., Britain, Europe, and Canada will be released on Thursday and Friday. These reports, along with geopolitical developments, will likely continue to impact market movements.”
Today’s market shows that investors remain cautious but optimistic. Gold remains a safe-haven asset amid uncertain economic conditions. As a result, gold prices rise as traders adjust to new information and potential risks.
In Kurdistan, both local and imported gold follow these global trends. The increase is notable for both retail buyers and jewelers, who track daily price changes closely.
Current gold prices in Kurdistan and global markets:
- One ounce of gold: $5,065
- One mithqal of 22-karat gold: 1,163,000 dinars
- One mithqal of 21-karat gold: 1,110,000 dinars
- One mithqal of 18-karat gold: 952,000 dinars
Gold prices rise again as economic data and market sentiment continue to influence investors. Traders and consumers in Kurdistan are watching prices closely as the global market responds to new reports.
