23.06.2025 09:10
The increasing geopolitical tension following the U.S. attack on nuclear facilities in Iran did not lead to the anticipated rise in gold prices. Analysts indicate that the expectation that Iran will avoid steps that could further increase oil prices has weakened the demand for gold. As of the morning of June 23, 2025, gram gold is trading at 4,290 TL, while ounce gold is priced at 3,358 dollars.
On Friday, gold closed at $3,368 per ounce and experienced a limited loss in value during the first hours of the week. Analysts indicate that several key factors play a role in the weak reflection of geopolitical risks in pricing. In particular, expectations that Iran will refrain from steps that would further increase oil prices are weakening the demand for gold.
OIL PRESSURED GOLD
The recent rise in oil prices due to the risk of closing the Strait of Hormuz has brought inflationary pressures to the global agenda. This situation has created expectations that central banks may avoid interest rate cuts. Interest-free assets like gold lose their appeal in high-interest environments, leading to a relaxation in prices.
HOW MUCH IS GRAM GOLD IN THE GRAND BAZAAR?
In the Grand Bazaar, gram gold is traded between 4,315-4,337 TL, while a quarter gold is sold for 7,102 TL. Market analysts are tracking the support level for gold at $3,355-$3,310 per ounce and the resistance level at $3,420. After the FED kept interest rates steady last week, signaling only two interest rate cuts for this year has also been another significant factor limiting gold's upward movement.
CURRENT GOLD PRICES
Current gold prices as of June 23 are as follows:
- Gram gold 4,290.79 TL
- Quarter gold 7,095.00 TL
- Half gold 14,191.00 TL
- Full gold 28,289.48 TL
- Republic gold 28,251.00 TL
- Gremse gold 70,940.66 TL
- ONS gold 3,358.08 dollars