Iraq Gold Prices Drop on September 30

On Wednesday, September 30, 2026, gold prices in Iraq experienced a slight increase across all denominations compared to the previous day, despite a global decline in prices which are heading toward a monthly loss due to expectations of interest rate hikes. The price of a gram of 24-karat gold was around 175,972 Iraqi dinars ($134), and 21-karat gold was approximately 153,976 dinars ($118). Meanwhile, an ounce of gold reached 5,473,333 dinars (approximately $4,177). Gold prices remain influenced by global market movements, especially as investors await US inflation data, which impacts expectations regarding monetary policy and potential interest rate hikes. Higher interest rates tend to decrease the attractiveness of gold, which does not yield any return.

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