Iraq Gold Prices Drop Again

On Sunday, September 6, 2026, gold prices in Iraq experienced a decline after initially rising during the early trading hours. This decline was influenced by a global decrease in gold prices and the diminished appeal of the precious metal, which does not generate income, due to the anticipated interest rate hikes by the U.S. Federal Reserve in September. The price of a gram of 24-karat gold today stood at 186,600 Iraqi Dinars ($142.4), while 22-karat gold was at 171,000 Dinars ($130.5). The price of a Toman of 21-karat gold reached approximately 163,200 Dinars ($124.6), and an ounce of gold was priced at 5,802,600 Dinars ($4,429). Globally, the spot price of gold decreased by 1.2%, falling to $4,419.09 per ounce, affected by the rising dollar and expectations of monetary policy tightening. Experts anticipate continued fluctuations in gold prices amid worldwide interest rate hikes and central bank policies, with forecasts suggesting that gold could rise above $5,000 per ounce in future scenarios.

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