04.02.2026 09:24
Gold prices sharply recovered after the steep declines experienced over the weekend. On Tuesday, spot gold saw a jump of 5.9%, marking its strongest daily gain since November 2008. Following the spot gold, gram gold rose by 2.7%, reaching 7,096 lira.
The weakening of the dollar in global markets and investors viewing the declines as a buying opportunity have pushed gold prices back up. Gold, which rose by more than 2% on Wednesday, continued its upward trend following a strong performance in the previous session.
HISTORIC MOVEMENT IN OUNCES OF GOLD
Spot gold increased by 2.6%, rising to $5,072 per ounce. The 5.9% jump on Tuesday was recorded as the sharpest daily increase since the 2008 global financial crisis. Last Thursday, ounce gold had reached an all-time high of $5,594.82. April futures for U.S. gold also rose by 2.7%, reaching $5,067.
LATEST STATUS OF GRAM GOLD
Following the strong rise in ounces of gold, gram gold also gained momentum. Gram gold increased by 2.7%, rising to 7,096 lira.
WEAKENING DOLLAR SUPPORTS GOLD
The U.S. dollar has declined due to profit-taking after gaining from strong macroeconomic data recently, losing value against many major currencies except the yen. The weakening of the dollar has made gold, priced in dollars, more attractive for global investors.
FED EXPECTATIONS COME TO THE FORE
In the markets, expectations are growing that Kevin Warsh, whose name is mentioned for the Fed chairmanship, may adopt a more dominant stance on interest rate cuts and balance sheet reduction. Investors are pricing in the possibility of at least two interest rate cuts for 2026, while gold, which does not yield interest, finds support from expectations of a low-interest environment. The ADP private sector employment data to be released during the day is also expected to provide new signals regarding the Fed's future policy steps.
CURRENT GOLD PRICES AS OF FEBRUARY 4, 2026
GRAM GOLD
Gram Gold Purchase: 7,091.87
Gram Gold Sale: 7,092.93
QUARTER GOLD
Quarter Gold Purchase: 12,219.00
Quarter Gold Sale: 12,548.00
HALF GOLD
Half Gold Purchase: 24,462.00
Half Gold Sale: 25,121.00
22 CARAT BRACELET
22 Carat Bracelet Purchase: 6,735.16
22 Carat Bracelet Sale: 6,830.10
OUNCE GOLD
Ounce Gold Purchase: $5,064.02
Ounce Gold Sale: $5,065.41