Iraq Gold Prices Rise on August 3

Gold prices in Iraq experienced a significant rise today, Monday, August 3, 2026, with a balance between local market prices and global rates. The price of a gram of 24-karat gold reached approximately $131, while 21-karat gold was around $114. The price of an ounce of gold climbed to about $4,069. This increase came in response to a decline in global oil prices after U.S. President Donald Trump canceled an attack on Iran, which reduced fears of inflation and led to higher interest rate expectations—though rising interest rates may also reduce gold's appeal as a safe haven.

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