The gram gold price is generally affected by the movements of the ounce gold due to the decrease in volatility in the dollar. Gram gold, which fell at the beginning of the week, is approaching the psychological limit of 2,500 TL with reaction purchases on the second trading day. Uncertainties in the election process in the USA and the Fed’s monetary policies continue to affect gold prices and general markets.
Citi Bank predicts that gold will reach $2,800-$3,000 per ounce by mid-2025. In a research note it published, it stated that gold demand will increase in 2024 and that prices could rise to $2,400-$2,600 in the second half of the year.
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Gold Prices July 9, 2024
| Price Type | Buy (TL) | Sales (TL) |
|---|---|---|
| Gram Gold | 2,485.18 | 2,485.47 |
| Quarter gold | 4,041.00 | 4,102.00 |
| Republic Gold | 16,188.00 | 16,343.00 |
| 22 Carat Bracelet | 2,264.68 | 2,287.20 |
| Gold Ounce (USD) | 2,359.47 | 2,359.87 |
