Tensions rise in the Middle East: How has the activity between Iran and Israel affected gold prices?
Explosions in the Iranian capital, Tehran, and Israel's military move have heightened geopolitical concerns, sparking interest in the latest developments in the gold markets.
Following the Israeli administration's announcement that it had launched a "preemptive military operation" against Iran in the early hours, a series of explosions occurred in the capital, Tehran. This development has caused tensions in the region to rise rapidly.
US President Donald Trump announced in a video message posted on the Truth Social platform that a "large-scale military operation" had been launched against Iran. This statement has resonated widely with the international public.
During this period of escalating political and military uncertainty, investors are tending to turn toward gold, which is traditionally seen as a safe haven. However, because the volatility in global markets coincides with the weekend, no sharp increases in gold prices have been recorded so far. On the morning of February 28, 2026, gold prices are following a course far from their usual volatility.
Experts state that if military developments continue, markets may react more sharply in the coming days. It is predicted that fluctuations in gold prices may occur, especially if geopolitical risks increase.
With markets closed for the weekend, preventing major surges, gold prices are as follows:
Gram gold: 7,435.91 TL
Gold ounce: 5,278.510
Quarter gold: 12,487 TL
Half gold: 24,960 TL
Republic gold: 49,684 TL
News Source: 12punto
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