Iraq Gold Prices Rise on August 7

Gold prices in Iraq today, Friday, August 7, 2026, have risen across all denominations, influenced by global price increases that have seen the biggest weekly gains since January. This surge is supported by falling oil prices and investors awaiting U.S. employment data. The price of 24-karat gold per gram is approximately $137, while 22-karat is around $126, and 21-karat is about $120. The price of an ounce of gold has reached roughly $4,266. This increase coincides with a rise in the international gold market, with analyst Matt Simpson confirming that hopes for an end to the Middle East conflict have contributed to lowering inflation expectations, thereby boosting gold's appeal as a safe haven.

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