22.04.2025 10:52
The continuous increase in gold prices has revealed a new imbalance in the markets. Accordingly, as of this morning, the price of a quarter gold coin has reached a record high of 7,110 Turkish lira, meaning that three quarter gold coins amount to 21,309 Turkish lira. With this latest figure, three quarter gold coins have started to compete with the minimum wage of 22,104 Turkish lira.
The tension in global markets is increasing due to trade wars. The additional tariff decisions by the U.S. against major economies, including China and the European Union, are leading to retaliations. As Beijing's retaliations escalate into a mutual standoff and threats with Washington, the perception of risk in the markets is growing. In this atmosphere of distrust, gold prices, known as a safe haven, are breaking record after record. As of yesterday, new peaks in gold prices were refreshed today. As of this morning, the price of gold per gram reached 4,297 lira, while the quarter gold rose to 7,110 lira.
QUARTER GOLD ALSO BROKE A RECORD
With the increase in gold prices, the quarter gold, which is indispensable for weddings, has also become active. For the first time in history, quarter gold reached 7,110 lira, breaking a record. With this figure, three pieces of quarter gold have risen to 21,330 lira. While the minimum wage, set at 22,104 lira at the beginning of the year, remains unchanged, the increase in gold prices has caused the gap between quarter gold and the minimum wage to narrow. At the beginning of this year, five quarter gold could be purchased with the minimum wage, but after the recent records, now only three gold pieces can be bought with the minimum wage.
HERE ARE THE CURRENT GOLD PRICES