Iraqi Gold Prices Fall on July 29

On Wednesday, July 29, 2026, gold prices in Iraq experienced a relative decline across all denominations, influenced by a global decrease in prices and its effects on the local market. The price of a gram of 24-karat gold reached approximately $129, while 22-karat was around $119, and 21-karat about $113. The price of an ounce of gold stood at approximately $4,025. This decline comes concurrently with the market awaiting the U.S. Federal Reserve's decision on monetary policy, which is expected to keep interest rates unchanged as it reviews inflation indicators and the future outlook for interest rates.

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