19.06.2026 19:50
The perception that the US Federal Reserve, which kept interest rates unchanged, will definitely raise rates, along with the peace agreement reached in the US-Iran conflict, increased selling pressure. Starting the day around 6,206 lira, the gram gold plummeted in the evening. Gram gold fell by 1.48 percent to 6,193 TL.
The fact that the US Federal Reserve is almost certain to raise interest rates in the coming period and the peace agreement reached between the US and Iran caused a sharp decline in the gold market. With geopolitical risks decreasing in global markets and the flight to safe havens weakening, the selling pressure on gold accelerated.
GRAM GOLD DECLINE CONTINUES
Gram gold, which lost value in parallel with the decline in the ounce price yesterday, ended the day at 6,205 lira, down 1.3% from the previous close.
Starting the day with a decline, gram gold was trading at 6,206 lira as of 10:25, down 1.2% from the previous close. At the same minutes, quarter gold was sold for 10,325 lira and Republic gold for 41,250 lira. The ounce price of gold traded at $4,156 today, down 1.3%.
EVENING LOST 1.48% VALUE
Gram gold, which started the day at 6,206 lira, plunged in the evening hours. Ending the day with a loss of 1.48%, gram gold fell to 6,193 Turkish Lira.
SELLING PRESSURE ON GOLD
Meanwhile, the hawkish policy of the US Federal Reserve (Fed) and the market pricing that it will almost certainly raise interest rates this year increased demand for the dollar, putting pressure on gold prices.
On the other hand, the announcement by the Swiss Ministry of Foreign Affairs in a written statement that US-Iran talks were canceled caused selling pressure on precious metal prices, especially gold, to increase. Analysts noted that markets in the US would be closed today overseas.