Historic Records in Gold Prices: Ounce and Gram Gold on the Rise

Global markets are under the influence of the rising risk of war in the Middle East and the uncertainties surrounding the elections in the United States scheduled for November 5th. These fluctuations have also impacted gold prices. Last night, gold reached a record high of $2,770 per ounce, and this morning it continued to rise to $2,785.

The $2,700 level reached by gold last night has been recorded as a historical peak. Maintaining an upward trend, gold started the morning at $2,785. Although it dipped to $2,773 during the day, the precious metal is still trading at $2,785.

Gram gold prices have also hit a record. Starting the day at 3,056 lira due to global fluctuations, gram gold reached a low of 3,054 lira and a high of 3,071 lira during the day. Currently, gram gold is attracting buyers at 3,070 lira, having seen a historic high of 3,071 lira.

In the Grand Bazaar, there is a notable difference between the buying and selling prices of gram gold. Here, gram gold is bought at 3,149 lira and sold at 3,199 lira.

The impact of global uncertainty is driving this increase in gold prices, as demand for gold—seen as a safe haven—has risen. The risks of war in the Middle East and uncertainties related to the U.S. elections are leading individuals and investors to seek refuge in gold, avoiding market risk.

This climate of uncertainty has resulted in new records for both ounce and gram gold prices. Economists indicate that fluctuations in gold prices may continue in the short term and stress the importance for investors to monitor this process carefully.