04.03.2025 10:31
As it welcomed the year 2025 by breaking consecutive records, safe-haven gold reached historic levels due to the effects of trade wars. However, following a sharp decline that occurred two weeks ago on Friday, there was an approximate 4% pullback in prices. While some investors viewed these prices as a buying opportunity, others focused on lower levels for potential purchases.
High inflation rates worldwide have increased demand for gold. The central banks' consecutive purchases of tons of gold have caused safe-haven prices to hit record highs. This peak in prices reversed after a sharp decline on Friday, February 21. Since that day, there has been nearly 4% volatility in prices.
SHOULD YOU BUY OR WAIT?
The new prices are interpreted differently by both local and international investors. Some see this 4% correction as a buying opportunity, predicting that the gold's upward story will continue rapidly. However, some investors find this pullback insufficient, arguing that there may only be a buying opportunity at around 3,000 lira per gram of gold.
WHAT ARE THE CURRENT GOLD PRICES?
Here is the updated gold price table in the early hours of Tuesday, March 4, 2025...
Gram gold: 3,384.09 TL
Quarter gold: 5,626.00 TL
Half gold: 11,251.00 TL
Full gold: 22,229.61 TL
Republic gold: 22,410.00 TL
Gremse gold: 55,731.85 TL
Ounce gold: 2,887.69 dollars
NOTE: This news content is not investment advice.