24.03.2026 15:41
As the sharp decline and volatility in gold prices create intensity and panic in the market, İslam Memiş urged investors not to panic. Expressing that the long-term expectation for an increase continues, Memiş stated that the price of gold per ounce could approach 6,000 dollars, and the price of gold per gram could reach 10,000 TL.
There were sharp fluctuations in the gold market throughout the day. While the ounce of gold moved between 4,448 dollars and 4,305 dollars, it was trading at 4,398 dollars as of 11:30 AM. The gram of gold fluctuated between 6,342 TL and 6,139 TL during the day, reaching 6,289 TL as of 11:16 AM. The silver price also hovered around 69.25 dollars per ounce.
Islam Memiş, a financial analyst speaking on TGRT News live broadcast, stated that the sudden drop in gold prices surprised both investors and jewelers. Memiş said, “We were shocked by the sudden and sharp drop in prices. Jewelers also experienced shock due to the intensity. Everyone experienced a shock.”
THERE IS NO GOLD LEFT IN JEWELRY SHOPS
Citizens, seizing the opportunity from the price decline, turned to jewelers, leading to a product shortage in the market. Memiş noted that products such as packaged gram gold, quarter, and half gold were unavailable, indicating serious issues on the supply side. He expressed that the buying-selling spreads had widened to levels of 250-300 TL.
“THERE IS NO NEED TO PANIC”
Memiş warned investors, emphasizing that there is no need to panic. He stated that more affordable alternatives should be preferred instead of high-labor products, and that purchases made through banks or mint certificates could be more advantageous.
HE EVEN GAVE A FIGURE FOR THE END OF THE YEAR
Memiş expressed that he believes the drop in gold prices will not be permanent, maintaining a long-term expectation of an increase. He predicted that the ounce of gold could reach 6,000 dollars, suggesting that in this case, the gram of gold could approach levels of 10,000 TL. However, he noted that investors should be cautious in the short term, stating, “2026 will be a year of manipulation. We will see these sharp fluctuations every month until the end of the year,” drawing attention to the volatility in the market.
* THIS IS NOT AN INVESTMENT ADVICE