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Gold prices in Iraq increased today, Tuesday, 21/7/2026, supported by a rise in the global ounce, which reached approximately $4,050, reflecting a 0.92% increase. The price of a Miqqal (traditional weight) of 21-karat gold in the Iraqi market was around 149,210 Iraqi Dinars (equivalent to $114). Expectations remain high for further increases, as the ounce managed to maintain its levels and local demand continues to rise. There is ongoing anticipation of how geopolitical developments and oil prices will impact the markets. These factors support the outlook that gold prices will continue to rise locally, with the precious metal's price expected to stay between $4,020 and $4,080 per ounce globally.
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