Gold prices have started their first rally of the new year.

Global markets have come out of holiday mode and trading has started to accelerate. With the New Year passing, activity in the markets has begun. Gold prices have also been positively affected by this activity. Despite expectations that the Fed will cut interest rates twice in 2025, gold prices are strengthening.

The rise in gold is also influenced by the continued purchases of the People's Bank of China.

SPOT GOLD

Spot gold started the day at $2659. During the day, the lowest level seen was $2656, and the highest was $2664. Currently, it is trading at $2664.

GRAM GOLD

Gram gold started the day at 3021 lira. During the day, the lowest level seen was 3012 lira, and the highest was 3032 lira. Currently, it is trading at 3031 lira.

GOLD IN THE GRAND BAZAAR

In the Grand Bazaar, gram gold is being bought at 3038 lira and sold at 3084 lira.