28.02.2026 19:10
After the Israel-Iran tension, investors turned to gold; the gram gold rose to 8,250 lira in the Grand Bazaar, while the ounce gold reached 5,280 dollars, and exchange rates also moved upwards.
After Israel's attack on Iran and the announcement of support for the operation by the USA, Iran retaliated. Sirens sounded in many cities of Israel, explosions occurred, and citizens headed to shelters.
With the increase in geopolitical risks, investors turned to gold, which is seen as a safe haven. The price of gold per gram was around 7,250 lira in the morning hours, and it accelerated its rise during the day.
As the closing time of Istanbul's Grand Bazaar approached, the price of gold per gram rose to 8,044 lira, reaching up to 8,250 lira in the latest transactions. The price of gold per ounce also reached 5,280 dollars.
GOLD PRICES IN THE COUNTRY
- Gold per gram: 7,453 lira (8,250 lira in the Grand Bazaar)
- Quarter gold: 12,638 lira
- Republic gold: 51,494 lira
- Full gold: 50,555 lira
- Half gold: 25,277 lira
LAST SITUATION IN CURRENCY EXCHANGE RATES
The dollar is trading at 44 lira, the euro at 52 lira, and the pound at 59 lira.