02.03.2026 09:10
Gold prices started the week with a sharp increase due to the rising geopolitical risks following the attacks by the US and Israel on Iran and the killing of Iranian leader Ayatollah Ali Khamenei. Spot gold rose by 1.9% to $5,364. The price of gram gold is trading at 7,598 lira with a 1.98% increase. In the Grand Bazaar, gram gold has risen to 8,120 TL.
Gold prices started the week with a sharp rise due to increasing geopolitical risks following the extensive attacks by the US and Israel on Iran and the assassination of Iranian leader Ayatollah Ali Khamenei.
GOLD AT A 4-WEEK HIGH
Spot gold rose by 1.9% to $5,364, testing the highest level in the last four weeks. During the early hours of the session, the rise in the precious metal reached up to 2%. US gold futures traded at $5,342.80, up 1.8%.
GRAM GOLD TRADING AT 7,600 LIRA
Gram gold prices are trading at 7,598 lira, with a premium of 1.98%. In the Grand Bazaar, gram gold has risen to 8,120 TL.
OUNCE GOLD
Ounce gold started the day at $5,312. During the day, the lowest level seen was $5,303, and the highest was $5,393. Currently, it is trading at $5,361.
GRAM GOLD
Gram gold started the day at 7,442 lira. The lowest level during the day was 7,439 lira, and the highest was 7,623 lira. Currently, it is finding buyers at 7,598 lira. The historical record for gram gold was broken on January 29, 2026, at 7,810 lira. Thus, there is a 3% increase left to reach the historical record.
- Current gold selling prices
- Gram gold selling price: 7,598 TL
- Quarter gold selling price: 13,291.00 TL
- Half gold selling price: 26,566.00 TL
- Full gold selling price: 51,215.43 TL
- Republic gold selling price: 52,881.00 TL
- Gremse gold selling price: 128,431.34 TL
- Ounce gold selling price: 5,357.81 dollars
SILVER IS ALSO RISING
Silver prices are also rising in light of developments in the Middle East. Although not as much as gold, silver prices have also started to increase.
OUNCE SILVER
Ounce silver started the day at $95.06. During the day, the lowest level seen was $92.04, and the highest was $96.41. Currently, it is finding buyers at $93.51.
GRAM SILVER
Gram silver started the day at 134.02 lira. During the day, the lowest level was 129.76 lira, and the highest was 135.91 lira. Currently, it is finding buyers at 132.08 lira.
$6,000 SCENARIO ON THE TABLE
Last week, J.P. Morgan and Bank of America reiterated their expectations that gold could rise to the $6,000 level. J.P. Morgan predicts that demand from central banks and investors could push the ounce price to $6,300 by the end of 2026.
Independent analyst Ross Norman stated that gold is the strongest indicator of global uncertainty, saying, "As we enter a new era of geopolitical risks, we should expect gold to be revalued towards fresh records."