Sharp decline in gold

Rising risk perception in global markets and deepening selling pressure have caused investors to refocus on gold prices. According to free market data on Wednesday, September 2, 2026, gram gold is being bought at 6,716.57 lira and sold at 6,717.52 lira.

The rise in oil prices and the increase in bond yields, following the intensification of US attacks on Iran, have strengthened the volatile outlook in the markets. On the gold side, divergent movements were noted across different products; while limited gains were seen in some jewelry items, declines were recorded in gram, full, and ounce gold.

CURRENT GOLD PRICES

In the free market, quarter gold is trading at a buying price of 10,790 TL and a selling price of 10,939 TL. The buying price for half gold is 21,613 TL, and the selling price is 21,865 TL. Full gold is being bought at 43,020.90 lira and sold at 43,868.20 lira.

The buying price for Republic gold was recorded at 42,927 TL, and the selling price at 43,569 TL. The gram buying price for 22-karat gold bracelets is at the level of 6,036.32 lira, with a selling price of 6,123.85 lira.

LATEST STATUS ON GRAM AND JEWELRY GOLD

The daily change in gram gold was shown as minus 0.05 percent. The daily increase in quarter gold was 0.23 percent, 0.09 percent in half gold, and 0.06 percent in Republic gold. A 1.04 percent decline was noted in full gold and Ata gold.

The buying price for ounce gold was recorded at 4,320 dollars and 32 cents, and the selling price at 4,320 dollars and 94 cents. The daily change in ounce gold was calculated at minus 0.19 percent.

Data coming from the US during the day will also be monitored for the direction of the markets. The economic calendar highlights weekly mortgage applications, August ADP private sector employment, July factory orders, durable goods orders, and the US Federal Reserve's Beige Book report.

News Source: 12punto