Iraq Gold Prices Today 21K Drop

On Sunday, August 2, 2026, gold prices in Iraq experienced a relative decline across all denominations compared to the closing prices of the previous week, influenced by the movement of the precious metal's prices globally. The price of 24-carat gold per gram stood at approximately 170,300 Iraqi dinars ($129.98), 22-carat at 156,100 dinars ($119.14), and 21-carat at 149,000 dinars ($113.7). Meanwhile, the ounce of gold was valued at 5,296,800 dinars ($4,042.6). This decline follows the global gold prices recording their largest monthly gains since February at the end of July, buoyed by decreased expectations of US interest rate hikes and a slowdown in inflation. Data showing weak US inflation in June led to reduced demand for gold as a safe haven.

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