AM:11:58:10/07/2025
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Gold futures dropped to $3,323 per ounce on Thursday, marking a $6 decrease from the previous day, amid rising global trade tensions following U.S. President Donald Trump’s announcement of new tariffs—including a 30% tariff on Iraq and a 50% hike on imported copper.
Despite the global decline, gold prices in the Kurdistan Region remain stable. As of Thursday, the local market prices are:
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18-carat gold: 560,000 IQD per ounce
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21-carat gold: 655,000 IQD per ounce
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22-carat gold: 686,000 IQD per ounce