28.08.2025 21:47
The price of gold per gram has risen to 4,497 TL, setting a new record. The price of gold per ounce has also surpassed the 3,400 dollar threshold, reaching its highest level in recent weeks. Experts evaluating this increase stated that the rise could continue.
The gram of gold completed yesterday at 4,482 lira, which is 0.1% above the previous closing. The gram price of gold, which started the new day flat, reached 4,497 TL, hitting an all-time high.
IT EXCEEDED 4,500 LIRA IN THE GRAND BAZAAR
In the Grand Bazaar, the gram of gold is being sold for 4,517 lira. A quarter gold is being bought for 7,365 lira, and a Republic gold is being sold for 30,010 lira.
ONS EXCEEDED THE CRITICAL THRESHOLD
The spot price of gold per ounce exceeded 3,400 dollars during the day with a 0.3% increase. The ounce gold, which has surpassed the critical threshold of 3,400 dollars as defined by experts, is currently trading at 3,406 dollars. The ounce gold price has reached its highest level since August 8.
"WE MAY SEE A LITTLE MORE RISE IN GOLD PRICES"
Economist Assoc. Prof. Dr. Filiz Eryılmaz, speaking on TV100, made the following statements:
"What will happen to gold prices? Look, gold and the markets are not reacting right now, but as the markets start to understand this situation a little more, we may see a little more rise in gold prices from the market side. For example, I am looking at gold prices. We couldn't exceed 3,300 for 4 months or 3,380 for the last 2 months. We couldn't go above 3,380 dollars. For the first time, with these events, we are pushing above 3,380. We are approaching the 3,400 limit. Is this news enough? No. Therefore, what needs to happen? There are upward risks for gold, as well as downward risks in the near term. What is the most important downward risk? It is the Russia-Ukraine peace. Let's see if Putin and Zelensky can come together. Will they be able to meet at the table? Even if they meet, will there be hope for peace compared to the past? This part is also very important. So far, we have told investors to wait and see if this Russia-Ukraine peace can happen. You know Trump gave a two-week deadline, but the market has little hope left there. Because Russia wants land. It wants serious territories. Even if it were to concede land, Ukraine would not want to give up these regions. Therefore, JP Morgan published an analysis. It said this war will last for another two years. The table will be overturned, and it also said one more thing. Russia is coming with agreements that Ukraine cannot accept on purpose so that America does not impose sanctions on it. Because if Russia does not even come to the table, America says it will impose sanctions on you. Those who buy oil from you will also face higher taxes. Just to avoid these sanctions, Ukraine's power has remained less compared to Russia on the ground. To corner Putin more, I somewhat believe in this scenario; he wants to take land, but in the short term, he does not expect Ukraine or Europe to make this agreement without completely putting aside their security issues and without providing any security guarantees. Because Europe will think of itself here.