Iraq Gold Prices Drop on July 24

On Friday, July 24, 2026, gold prices in Iraq experienced a decline across all denominations compared to the previous day. This drop was influenced by the global decline in gold prices, which fell about 2% in the prior session due to Brent crude oil surpassing $100 per barrel. This increase heightened concerns over inflation and prompted the U.S. Federal Reserve to raise interest rates. The price of 24-karat gold per gram in Iraq was approximately 169,630 Iraqi dinars (equivalent to $129), 22-karat at 155,494 dinars ($119), and 21-karat at 148,426 dinars ($113). Meanwhile, the price of an ounce of gold stood at 5,276,074 dinars (about $4,027), and a one-kilogram gold bar was valued at 170,817,549 dinars (approximately $130,385). Experts anticipate a gradual increase in prices amid ongoing short-term volatility, despite the current price dip, according to market specialists.

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