Iraq Gold Price Drop on July 20

Gold prices in Iraq on Monday, July 20, 2026, saw a slight decline across all denominations compared to yesterday’s prices, influenced by a drop in global markets. This is due to market fluctuations amid escalating tensions in the Middle East, which led to Brent crude oil prices exceeding $90 per barrel and heightened concerns over inflation. The price of a gram of 24-karat gold reached approximately $129, while 21-karat gold was around $113. The gold ounce was valued at $4,025. Additionally, international gold prices declined by 0.4%, reaching about $4,001 per ounce, with expectations that ongoing geopolitical events will continue to impact the markets.

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