Iraq Gold Prices October 7 2026

On Wednesday, October 7, 2026, gold prices in Iraq experienced a relatively slight decline across all denominations compared to the close of the previous day. This decrease was influenced by a global drop in prices as investors shifted their focus to the Federal Reserve's meeting minutes, seeking signals about the course of monetary policy. The price of a gram of 24-karat gold stood at 174,049 Iraqi Dinars (approximately $133), 22-karat at 159,545 Dinars ($122), 21-karat at 152,293 Dinars ($116), and 18-karat at 130,537 Dinars ($100). The price of an ounce of gold was around 5,413,518 Dinars (approximately $4,138), and a one-kilogram gold bar was valued at 175,267,421 Dinars (about $133,612). Globally, the price of an ounce declined by 0.3%, reaching $4,150.23, as investors awaited economic data that could influence expectations of interest rate hikes. The market indicates an 85% likelihood of a potential increase in December. The market shows that gold prices are affected by movements in the dollar and interest rates, with prices decreasing both locally and globally.

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