02.06.2025 12:11
The increasing tension between Russia and Ukraine has caused a surge in gold prices. Due to the escalating war situation, investors are turning to gold, which they see as a safe haven. This has resulted in a rise of 79 liras in the price of gold per gram since last Friday's closing.
The uncertainties caused by the new steps taken by U.S. President Donald Trump regarding tariffs and the increasing tensions in the Russia-Ukraine War are reducing risk appetite in global markets, supporting demand for safe-haven assets. The gram price of gold, which lost value in parallel with the drop in the ounce price on Friday, ended the day at 4,146 lira, down 0.6%. However, over the weekend, the Ukrainian army's attack on Russian warplanes escalated the tension to a peak. The gram gold started the week with a surprising increase.
79 LIRA DIFFERENCE IN GRAM GOLD
Following the tension, gold prices surged rapidly. The gram gold, which closed last week at 4,146 lira, rose to 4,225 lira as of 12:00 today. Thus, a rise of 79 lira in gram gold has been recorded since the market closed last week.
OUNCE GOLD MOVING TOWARDS THE PRICE ON MAY 6
The ounce gold, which has entered an upward trend globally, has started to move towards the level of 3,430 dollars reached on May 6. Although there were occasionally volatile moments last week, the safe-haven ounce generally followed a horizontal trend, jumping from 3,289 dollars last week to 3,353 dollars today. Thus, ounce gold has begun to move towards its highest level in the last month.
Quarter Gold 6,727 TL
Half Gold 13,455 TL