Gold prices in Iraq as of Sunday, July 12, 2026: Latest update

Gold prices in Iraq experienced a slight decline today, Sunday, July 12, 2026, influenced by global gold market losses that recorded a weekly decline of 1.7%. This comes amid fears of escalating tensions in the Middle East between the United States and Iran, which has led to decreased demand for gold as a safe haven. The price of a 24-karat gold gram was approximately 173,200 Iraqi Dinars ($132.1), and the price of an ounce was around 5,386,400 Iraqi Dinars ($4,111.4). Global markets are facing geopolitical tensions that impact gold prices, with expectations of continued increases in U.S. interest rates in the coming months.

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