27.02.2026 10:30
Experts state that if the Pakistan-Afghanistan war prolongs and geopolitical risks increase, the rise in oil prices will trigger inflation, and in this environment, even if central banks raise interest rates, gold and silver prices will not be contained.
After Pakistan declared war on Afghanistan, global markets became increasingly anxious. While gold and silver investors closely monitor developments, economist Selçuk Geçer stated that if the war prolongs, there could be sharp movements in commodity and financial markets. Speaking on Sözcü TV, Geçer emphasized that the economic impacts would depend on the course of the war, highlighting the importance of the level of geopolitical risks.
"WE NEED TO LOOK AT THE LEVEL OF THE WAR"
Geçer noted that the conflicts would create inflationary pressure through oil prices, stating, "It is expected that oil will rise above 100 dollars. This situation could lead the Fed and the European Central Bank to pause interest rate cuts or even raise rates."
"YOU CANNOT HOLD GOLD AND SILVER"
Emphasizing that classic market dynamics change during periods of high geopolitical risks, Geçer said, "If oil prices are rising due to war and inflation is occurring, you cannot hold gold and silver prices even if central banks raise interest rates."
GEOPOLITICAL RISKS WILL DETERMINE THE ECONOMY
Geçer mentioned that if the war prolongs, the rise in gold and silver could accelerate, while selling pressure on stocks and crypto assets could increase. He also indicated that interest rates in the bond market could rise. He stated that wars and geopolitical risks would determine the global economy in the 2026-2027 period.
CURRENT STATUS OF GOLD PRICES
In the free market, as of 10:00 AM, the price of gram gold is 7,331.49 TL for buying and 7,332.31 TL for selling. A quarter gold is bought at 11,730.38 TL and sold at 11,988.32 TL. The Republic gold is being traded at 47,806.65 TL.
MONTHLY-YEARLY PERFORMANCE OF GRAM GOLD
Compared to the first day of February, gram gold has increased by 522.64 TL, gaining 7.67% in value.
Compared to the starting value at the beginning of the year (5,985.85 TL), gram gold has increased by 1,346.5 TL, gaining 22.49% in value.
In the last year, gram gold has risen from 3,417.67 TL to 7,332.31 TL, experiencing a value increase of 114.54%.
MONTHLY-YEARLY PERFORMANCE OF OUNCE GOLD
Compared to the first day of this month (297.39 Dollars), ounce gold has gained 6.08% in value.
Compared to the starting value at the beginning of the year (4,332.29 Dollars), ounce gold has increased by 859.33 Dollars, gaining 19.84% in value.
In the last year, ounce gold has risen from 2,916.39 Dollars to 5,191.62 Dollars, experiencing a value increase of 2,275.23 Dollars (78.02%).
* THIS IS NOT AN INVESTMENT ADVICE