Iraq Gold Prices August 12 2026

On Wednesday, August 12, 2026, gold prices in Iraq experienced a relative increase across all grades compared to the previous day. The local market was influenced by the global rise in gold prices, which have currently increased by 1%, supported by the decline in expectations of a US Federal Reserve rate hike. This comes as investors await key US inflation data that could impact future monetary policies. The price of a gram of 24-karat gold reached approximately $134, while 21-karat was around $117, and 18-karat about $100. Additionally, the price of an ounce of gold in Iraq stood at approximately $4,156. This indicates that the global surge in gold prices has led to higher prices for the precious metal in the Iraqi market, with expectations of continued increases if US interest rate hike prospects remain subdued.

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