27.02.2025 09:50
The precious metal gold has carried its value loss into the third day. This decline in gold prices, which has been setting consecutive records in the new year, is being closely monitored by investors and the markets.
The statements of additional taxes by U.S. President Donald Trump have driven up gold prices, while the deterioration of economic data in the U.S. has fueled this rise. The escalation of trade wars and the massive purchases by central banks have put precious metal prices on a weeks-long upward trend.
PRICES FELL AFTER MASSIVE SALES
However, rising prices have led global institutional investors to take profits. The desire of large investors to convert the profits obtained from selling their gold at high prices into cash caused the gold price to decline on February 25. As of today, the decline has continued for the third day. Here are the current gold prices in light of the latest developments.
GRAM GOLD PRICES
Gram gold started the day at 3417 lira. During the day, the lowest level seen was 3392 lira, and the highest was 3424 lira. Currently, it is being bought at 3393 lira.
ONS GOLD PRICES
Ons gold started the day at 2916 dollars. During the day, the lowest level seen was 2893 dollars, and the highest was 2920 dollars. Currently, it is being traded at 2894 dollars.
GRAM GOLD PRICES IN THE GRAND BAZAAR
In the Grand Bazaar, gram gold is being bought at 3426 lira and sold at 3470 lira.
NOTE: The content in this news is not investment advice.