Gold prices continue to fall
Gold prices in the domestic market continue to decrease depending on the dollar exchange rate with the decline in the ounce price. Gram gold is sold for 445 lira on the last trading day of the week.
With the decline of ounce prices and dollar exchange rate, gold prices continue to decrease in the domestic market. Gram gold, which was 445 at the beginning of the week, decreased to 440 liras. Jewelers predict that gold prices will rise again in March.
"Gold Ounce can make a premium in March"
Stating that there are two factors that determine the price of gold, Grand Bazaar tradesman Kaan Gözüm said, “One is the dollar price and the other is the Ounce price. Currently, the ounce price is around 1860. It is well below the highest value. As the dollar came down with interest increases, there was a loss of value in gold. For now, there are rumors that citizens can buy gold. If the monetary expansion in America continues, the Ounce price of gold may increase. According to the evaluations we have made, I think that gold may make some premium in March on an Ounce basis. Currently, gram gold is 440 lira, a quarter is 730 lira, half 1460 lira, and Ata is around 2990 lira. When citizens come to buy gold, they tend to turn to gold in grams.