Gram gold price surged within an hour
The price of gram gold rose by 12 TL in just one hour today, between 17:05 and 18:08. A new record level was recorded for gram gold following the rise in ounce gold prices due to expectations that the Fed will cut interest rates. The increase continued during President Erdoğan's statement following the cabinet meeting.
12punto
Gold prices rose today as Fed Chair Jerome Powell signaled yesterday that they do not want to be late in starting interest rate cuts, and as the probability of Donald Trump winning the presidency in the US increased.
Following the rise in ounce gold and the dollar/TL exchange rate, a record level was also seen in gram gold.
Gram gold prices exceeded 2,600 liras.
As of 17:27, ounce gold prices were trading at 2,445 dollars with a 0.96 percent gain, while gram gold prices were trading at 2,602 liras with a 1.29 percent gain.
At the same time, quarter gold was finding buyers at 4,246 TL, and Republic gold at 16,935 TL.
The price of gram gold rose by 12 TL in just one hour today, between 17:05 and 18:08. A new record level was recorded for gram gold following the rise in ounce gold prices due to expectations that the Fed will cut interest rates. The increase continued during President Erdoğan's statement following the cabinet meeting.