18.02.2026 09:30
Gold prices declined following progress in diplomatic contacts between the U.S. and Iran; a partial recovery was observed with limited purchases in the new day. However, the strong performance of the dollar continues to exert pressure on the precious metal. As of February 18, the price of gold per gram is 6,942 TL, the price of a quarter gold is 11,351 TL, and the price of gold per ounce is 4,930 dollars.
After progress in diplomatic contacts between the US and Iran, gold prices, which experienced a sharp decline, showed a partial recovery in the new day. The increase in global risk appetite weakened the demand for safe havens, while markets focused on the Fed's minutes.
Gold rose on Wednesday morning with reaction purchases after falling to its lowest level in a week with a loss exceeding 2% in the previous session. Spot gold gained 1% in value, reaching the level of $4,930. The recovery in the ounce market also reflected in the domestic market, and the gram gold climbed above 6,900 TL.
However, the strong performance of the dollar and cautious expectations regarding geopolitical developments prevented the complete elimination of pressure on prices.
UPDATED GOLD SALE PRICES ON FEBRUARY 18, 2026
Gram gold: 6,942 TL
Quarter gold: 11,351 TL
Half gold: 22,713 TL
Full gold: 47,983 TL
Republic gold: 45,267 TL
Gremse gold: 119,961 TL
Ounce gold: $4,930
DEVELOPMENTS TRIGGERING THE DECLINE
The announcement of an agreement on "guiding principles" for resolving the nuclear dispute between the US and Iran was effective in the sharp decline in gold prices. This development increased risk appetite in global markets, while the demand for safe havens decreased among investors.
Additionally, the negotiations between Ukraine and Russia, conducted under the mediation of the US, strengthened expectations that geopolitical tensions could ease. This situation increased the pressure on the precious metal.
DOLLAR MAINTAINS STRONG TREND
The dollar index continues to show a strong outlook as investors await the minutes of the US Federal Reserve's (Fed) January meeting. The appreciation of the dollar makes gold, priced in dollars, more expensive against other currencies, limiting demand.
Chicago Fed President Austan Goolsbee stated that if inflation approaches the 2% target, several interest rate cuts could be on the agenda this year. The expectation of three 25 basis point interest rate cuts is gaining weight in the markets. Gold, which does not provide interest yield, is generally seen as more attractive to investors in low-interest environments.