Gold prices rose in Iraq today, Tuesday, January 18, 2022, despite the decline in the prices of the precious metal globally.
Gold price today in Iraq
And the price of a gram of 24 karat gold in Iraq today was about 85,436 thousand dinars ($ 58.52).
The price of 21 karat gold today in Iraq
The price of a gram of 21 karat gold in Iraq today is about 74,758 thousand dinars (51.20 dollars).
And the price of a gram of 18 karat gold in Iraq today increased to 64,078 thousand dinars ($ 43.89).
Regarding economic gold prices in Iraq today, the price of a gram of 14 karat gold rose about 49.838 thousand dinars ($ 34.14).
The price of a gram of 12-carat gold was recorded at 42,718 thousand dinars (29.26 dollars).
The price of an ounce and a pound of gold in Iraq
The price of an ounce in Iraq rose today to 2.657 million dinars (1820 dollars).
The price of the gold pound in Iraq also increased to 598,065 thousand dinars ($409.63).
Gold prices today globally
Gold prices fell on Tuesday, dragged down by higher US Treasury yields, as investors looked for clues on the timetable for the US Federal Reserve’s rate hike from next week’s policy meeting.
The price of gold futures contracts for February delivery decreased by 0.03%, to reach the level of $ 1815.90 an ounce.
The price of spot delivery of the yellow metal also decreased by 0.2%, to record $1815.61 an ounce.
At the same time, the price of silver futures contracts – for March delivery – increased by 0.4%, recording $23.01 an ounce.
The spot platinum price decreased by 0.69%, recording $969.94 an ounce, while the spot palladium price rose by 0.13%, to record $1878.73 an ounce.
Gold is considered an inflationary hedge, but the metal is highly sensitive to higher US interest rates, which increases the opportunity cost of owning the non-interest bearing yellow metal.
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