Iraq Gold Prices Drop on July 28

Gold prices in Iraq today, Tuesday, July 28, 2026, experienced a relative decline across all denominations compared to yesterday's prices. This trend was influenced by a global decrease in prices due to the rising US dollar and market anticipation ahead of the Federal Reserve's monetary policy decision. The price of a gram of 24-karat gold was approximately 170,427 Iraqi Dinars (equivalent to $130), while 22-karat was about 156,225 Dinars ($119), 21-karat around 149,124 Dinars ($114), and 18-karat approximately 127,820 Dinars ($98). The price of an ounce of gold reached about 5,300,863 Dinars ($4,046), and a one-kilogram bar was roughly 171,620,101 Dinars ($131,008). Global movements in gold prices continue to impact the Iraqi market, with spot gold trading at $4,044.81 per ounce as markets await the Federal Reserve’s interest rate decision, with a 62% chance that rates will remain unchanged.

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