Gold prices rose today in Iraq on Saturday evening, July 2, 2022, after two days of decline, with the beginning of the weekend in global markets.
Gold price today in Iraq
The price of a gram of 24-carat gold today in Iraq, the level of 85.107 thousand dinars ($ 58.33), up from 84.807 thousand dinars at the close of yesterday, according to the “gold-price-today.com” platform for monitoring gold prices.
The price of a gram of 18 carat gold today in Iraq reached 63,832 thousand dinars ($43.75), up from 63,606 thousand dinars at the end of trading yesterday.
As for economic gold prices today in Iraq, the price of a gram of 14 karat gold scored about 49,646 thousand dinars ($ 34.02), and the price of a gram of 12 karat gold reached about 42,554 thousand dinars ($ 29.16).
The price of 21 karat gold today in Iraq
The price of a gram of 21 karat gold rose today in Iraq (the most traded in the market), recording 74,471 thousand dinars ($ 51.04), compared to 74.208 thousand dinars at the close of yesterday, Friday.
And the price of an ounce of gold today in Iraq was about 2.646 million dinars (1814 dollars), and the price of the gold pound today in Iraq reached about 595,766 thousand dinars ($408.31), knowing that the gold pound is equivalent to 8 grams of 21 karat.
Gold prices today globally
Gold prices fell at the end of trading on Friday (the end of the week), with the rise of the US dollar, to record the metal’s weekly losses for the third time in a row.
Strong monetary policies from major central banks and a strong dollar kept investors away from bullion priced in the US currency.
Gold prices fell to less than $ 1800 an ounce during trading, before reducing its losses with the decline in US bond yields.
At the end of the Friday session, the price of gold futures contracts – August delivery – fell by 0.3%, to reach the level of $1801.50 an ounce, which is the lowest close of this most active contract since February 2022.
During the week ending Friday, gold prices fell by 1.6 percent.
The yellow metal recorded its third consecutive monthly loss in June, after it fell by 2.2%, equivalent to $ 41, and fell by 7.5% ($ 146.5) in the second quarter of 2022, and by more than 1.2% in the first half of 2022.
The price of spot delivery of the yellow metal decreased by 0.1%, to reach $1804.56 an ounce.
The price of silver futures contracts – July delivery – fell 3.1% at $19.71 an ounce.
The spot platinum price declined about 0.8%, to record $889.79 an ounce, while the spot palladium price rose 1.49%, at $159.33 an ounce.
The dollar index, which measures the currency’s performance against 6 major currencies, rose by 0.7%, to reach 105.380 points.