Gold prices rose in Iraq today, Saturday, March 12, 2022, along with global precious metals recording weekly gains.

Gold prices in Iraq today

The average price of a gram of 24 carat gold in Iraq rose to about 93,552 thousand dinars ($ 64.05) during the evening trade.

The average price of a gram of 21 carat gold in Iraq today (the most traded in the market) has risen to about 81,860 thousand dinars ($ 56.05).

The average price of a gram of 18 carat gold in Iraq rose to about 70,165 thousand dinars ($ 48.04) in the middle of today’s trade.

Today, the average price of 14 carat gold in Iraq is about 54,572 dinars ($ 37.37).

The price of an ounce and a pound of gold in Iraq today

And today the average price of an ounce of gold in Iraq has risen to about 2.909 million dinars ($ 1992).

The average price of a pound of gold in Iraq today (8 grams 21 carats) is about 168.95 dinars ($ 448.39).

Gold prices internationally today

Globally, the price of gold fell below $ 2000 an ounce in trading on Friday (weekend session) as investors evaluated several geopolitical and economic developments.

Investor interest in secured assets has waned following Russian President Vladimir Putin’s announcement that there have been some improvements in talks with Ukraine, although he did not elaborate on the progress in discussions between the two sides.

The “Michigan” index of consumer confidence in the United States fell to an 11-year low of 59.7 points, compared to 62.8 points last February, compared to fears of rising prices in the country, the data revealed.

Markets are waiting for the Federal Reserve meeting scheduled for next week, amid expectations that the US Federal Reserve will raise interest rates for the first time since the onset of the “corona” epidemic.

The U.S. Consumer Price Index rose 7.9% year-on-year in February, the fastest record since 1982.

And gold futures contracted 0.8%, or $ 15.40, for April delivery, reaching $ 1985 an ounce when the session closed yesterday Friday.

In wholesale trade last week, the price of futures contracts for the precious metal increased by 0.9%.