26.01.2026 11:30
As global markets face increasing uncertainties, gold prices have soared to record levels, with the quarter gold reaching 11,850 TL, drawing attention; the historic rise in gold per ounce has made gold one of the most talked-about investment instruments in the domestic market once again.
Gold and silver prices started the new week with records. In global markets, the ounce of gold tested $5,085 in the first transactions of the week, reaching an all-time high. Closing last week at $4,987, the ounce of gold has thus surpassed the $5,000 threshold for the first time in its history.
PEAK IN GRAM AND QUARTER GOLD
The rise in the ounce of gold has also pushed gram gold prices up in the domestic market. As of January 26, 2026 (with transactions occurring until 06:00 TRT), gram gold reached 7,105 TL, setting a record. In the Grand Bazaar, the physical gram gold selling price was 7,225 TL in the morning hours, while the quarter gold, which was once indispensable for weddings, is being sold for 11,850 TL.
SILVER RALLY ACCELERATES
The ounce of silver, which surpassed the $100 level for the first time last week, also made a strong start to the new week. In the initial transactions, silver rose by over 5%, heading towards the $109.50 level. On Friday, silver completed its transactions with a 7.48% increase at $103.38.
SAFE HAVEN DEMAND EMERGES
Experts indicate that the rise in precious metals is influenced by geopolitical risks and global uncertainties. U.S. President Donald Trump's strong reaction to a potential "lower tax trade" agreement between Canada and China, and the announcement that a 100% additional customs duty would be applied to Canada's exports to the U.S. in such a case, has raised concerns about "trade wars" in the markets again.
NEW 'LOCKDOWN' FEARS IN THE U.S.
The killing of 37-year-old nurse Alex Pretti during an immigration operation in Minneapolis has reopened discussions about the practices of the Immigration and Customs Enforcement (ICE). The refusal of Democratic senators to approve the Department of Homeland Security budget, demanding limitations on ICE's powers and a comprehensive investigation into the incident, has brought the risk of a renewed shutdown of some parts of the U.S. government to the forefront. It is stated that these developments also support the demand for safe havens in the markets.