BAGHDAD (Hatha Alyoum)-- The local markets in Iraq witnessed a significant surge in gold prices this Monday, January 12, 2026, while the US Dollar exchange rate maintained its recent levels against the Iraqi Dinar.
Market Exchange Rates Today
According to the latest data from the Al-Kifah and Al-Harithiya central exchanges:
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US Dollar (USD): The exchange rate is holding at 146,700 IQD per $100.
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Gold (21K): The price for one "Mithqal" of 21-karat gold has reached a new peak of 948,000 IQD.
Analysis: Why is Gold Rising Indefinitely?
Financial analysts report that gold is currently on an unprecedented upward trajectory with no clear end in sight. The market is being driven by a combination of complex factors:
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Global Uncertainty: Ongoing geopolitical tensions worldwide are driving investors toward gold as the ultimate "haven."
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Inflationary Pressures: Persistent global inflation is devaluing paper currencies, making precious metals more attractive for wealth preservation.
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Local Demand: In Iraq, there is a marked increase in citizens purchasing gold to hedge against local currency fluctuations.
Experts warn that as long as global economic instability persists, gold prices may continue to break records throughout 2026.