Gold Prices Rise in Baghdad, 21-Carat Gold Nears 950,000 Dinars

Gold prices rose again in Baghdad on Monday, May 25, with 21-carat Iraqi gold trading at a selling price of 950,000 dinars and a buying price of 955,000 dinars. The increase comes as global bullion prices remain near record highs, supporting demand in Iraq’s capital. At jewelry shops, Gulf gold was sold for between 985,000 and 995,000 dinars. The higher local prices reflect international market strength as investors increasingly expect the US Federal Reserve to cut interest rates in September. Economic and geopolitical uncertainty has also kept demand for gold elevated. That backdrop has helped sustain the metal’s appeal as a safe-haven asset while markets monitor interest-rate expectations and broader risk conditions.