Gold prices in Iraq witnessed a new decline across all carats compared to previous trading prices, amid fluctuations in global markets. This decline comes amid relative stability in prices globally, as local markets are affected by regional and international developments related to the ongoing war in the region. Traders and investors in the Iraqi market closely monitor the movements of the precious metal, especially with the disturbances witnessed in the Middle East region and their impact on demand and supply rates. Gold is considered a safe haven for Iraqi citizens in times of crises, yet the current decline may encourage some investors to buy at lower prices. Economic experts confirm that the local market is directly affected by exchange rates and the volume of foreign currency reserves, making price trend prediction a complex matter under current circumstances.