27.10.2025 22:34
The safe haven for investors, gold, started the week with a decline. Spot gold closed the day down 3%, falling to a level of $3,097 per ounce.
Gold ended Monday with a 3% decline. The price of gold per ounce reached 3,097 dollars.
3% DECLINE IN GOLD
The decline in gold continues. After weeks of rising, gold started to decline again, beginning Monday with a drop. Spot gold lost 3% in value. The price of gold per ounce fell to 3,097 dollars.
HOW MUCH IS GRAM GOLD
The decline in ounce gold has also reflected on gram gold. Gram gold started the week with a 3.40% loss. Currently, gram gold is trading at 5,360 lira.
9-WEEK RALLY ENDS
After the announcement of September inflation in the U.S., precious metals, which trimmed their losses with short-term rises, completed the week with a decline due to profit sales led by gold and a decrease in safe-haven demand at the beginning of the week.
Analysts noted that the news flow indicating a reduction in U.S.-China tensions is among the main factors weakening safe-haven demand, while technical declines in the price of gold per ounce triggered sales across precious metals.
Although gold prices reduced their losses on the last trading day of the week as the lower-than-expected inflation in the U.S. strengthened expectations that the Fed might cut interest rates next week, they could not recover the losses caused by technical declines and strong profit sales after reaching a new record level during the week.
The price of gold per ounce, despite losing value in the tenth week after nine consecutive weeks of increase, set a new record at 4,381.55 dollars in the completed week.
In precious metals, prices per ounce saw a decline of 6.5% in silver, 3.3% in palladium, and 3.2% in gold, while platinum completed the week just below its previous weekly closing.