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Gold price in Iraq on 4/7/2026 hits June peak
The price of a mismak (gram) of 21-karat gold in Iraq remained stable at around 153,841 Iraqi dinars ($117). The week ended with the price reaching its highest level since late June, increasing by nearly 4%. This rise was supported by an improved performance in the global gold market and a decline in expectations of tightening U.S. monetary policy. Worldwide, gold prices continue to stay elevated, with the ounce approaching $4,175, fueled by the weak U.S. labor market and reduced prospects of interest rate hikes, which boost the appeal of the precious metal. Gold prices in Iraq are expected to remain steady until the end of the week, with attention focused on the performance of the ounce as global trading resumes.
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