25.04.2026 16:32
Due to uncertainties regarding the Strait of Hormuz, gold prices ended the week with a decline, with gram gold falling to 6,812 TL and quarter gold dropping to 11,489 lira, experiencing its first loss in five weeks.
Gold prices drew investors' attention with the decline experienced in the past week, as gram and quarter gold closed the week with a loss for the first time in 5 weeks.
HORMUZ TENSION PRESSURED THE MARKET
Despite the ceasefire declared between the US and Iran, uncertainty and blockade concerns regarding the Strait of Hormuz created pressure in the gold market. While gold prices continued to search for direction under the influence of global developments, the downtrend came to the forefront.
2.5% LOSS IN OUNCE GOLD
Ounce gold closed the week at $4,709, with a loss of 2.51%. During the week, the lowest level was seen at $4,657 and the highest at $4,833.
GRAM GOLD DECLINES AFTER 5 WEEKS
The decline in ounce gold and the drop in domestic demand also affected gram gold. Gram gold completed the week at 6,812 TL, with a loss of 2.33%. Thus, gram gold experienced a weekly decline for the first time in 5 weeks.
QUARTER AND REPUBLIC GOLD ALSO RETREATED
The selling price of Republic gold fell by 2.39% to 46,205 lira, while quarter gold lost 2.41% of its value, dropping to 11,489 lira.
EYES ON NEW TALKS
Markets are closely monitoring the outcome of the ceasefire talks expected to be held in Islamabad in the coming days.