16.07.2026 16:20
The downward trend in gold prices, closely monitored by those looking to evaluate their savings and prepare for weddings, continues. Gram gold, which closed yesterday at 6,141 lira, has dropped to 6,020 lira levels during the day.
Investors who want to evaluate their savings in gold and citizens preparing for weddings, engagements, or betrothals are closely following the latest developments in gold prices. Gold, which continues its sharp decline on the fourth trading day of the week, keeps surprising its investors. So, how much has gram gold, quarter gold, and republic gold dropped to? Here are the details...
GOLD STARTED THE NEW DAY WITH A DECLINE The precious metal, which has been on a downward trend since the beginning of the week, started the new day with a loss. Gram gold, which closed the previous day at 6,141 lira, carried its downward trend into Thursday.
As of 09:45 on Thursday, July 16, gram gold fell to 6,097 lira, signaling continued activity in the markets. At the same time in the free market:
Quarter gold: 10,042 lira, Republic gold: 40,011 lira found buyers. The ounce of gold traded at $4,029 in global markets. LOSSES DEEPENED AT MIDDAY The decline that started in the morning hours continued its effect throughout the day. When the clock showed 16:00, gram gold pulled back to levels of 6,020 lira, almost searching for a bottom. This sudden drop in prices opened a new window of opportunity for those wanting to buy physical gold, while leaving existing investors with the question, "Will the decline continue?"
Gold's intraday decline chart... "AS LONG AS CONFIDENCE IN THE US ECONOMY IS NOT SHAKEN..." Prof. Dr. Ata Özkaya, evaluating this decline in gold markets and global balances, made important statements during a live broadcast on 24 TV. Özkaya noted that for gold to turn upward again, the pieces in global markets need to shift, and said: "For gold to surge again, confidence in the US economy and the perception of its ability to service its debts will need to deteriorate. For now, such a situation and perception shift are not present in the markets."