MN Iraq News
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Gold Prices and US Dollar Exchange Rates Surge in Local Markets
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Gold Prices and US Dollar Exchange Rates Surge in Local Markets

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MN Iraq News Editorial Team
Aug 12, 2026 1 min read
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Financial markets experienced a notable surge in both gold prices and the US dollar exchange rate against the local currency. Global gold prices reached $4,401 per ounce, driving local retail rates higher, with 21-karat gold reaching 945,000 IQD per mithqal and 24-karat reaching 1.078 million IQD. Concurrently, US dollar exchange rates rose across main trading hubs, hovering around 153,350 IQD per $100 in primary commercial exchanges.