11 Hrs
Source:
الاقتصادية
Iraqi gold prices after update
On Sunday, August 30, 2026, gold prices in Iraq experienced a decline across all categories compared to the end of last week. This decrease was influenced by a global downturn in prices following statements by U.S. Federal Reserve Chairman Jerome Powell, who questioned whether inflation was slowing and signaled a likelihood of interest rate hikes in September. The price of 24-karat gold per gram reached approximately 187,800 Iraqi Dinars ($143.3), while 21-karat gold was around 164,300 Dinars ($125.4). The price of an ounce of gold stood at 5,841,700 Dinars ($4,458.8). Expectations of a higher probability of a rate hike in September increased from about 36% to 58%, negatively impacting the precious metal's price globally. Consequently, gold prices fell by 2.9% over the week and futures contracts declined by 3.2%.
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