Developments in Gold and Oil Prices on September 21, 2026
In the early trades of the new week, gram gold traded at 6,849 TRY, while Brent crude dropped to $101.71 amid recovery in shipments and diplomacy hopes.
On September 21, 2026, the gold market followed a slightly flat course, while Brent crude prices fell to their lowest level in a week due to shipment recoveries in Saudi Arabia and expectations of diplomacy.
Latest Status in the Gold Market
While spot gold in global markets completed the past week with a 0.67 percent increase at $4,378, it follows a slightly downward trend in the first trades of the new week.
According to current data closely monitored by investors, the selling price of spot gold started the day at the level of $4,360.15.
Current Gold Selling Prices
As of September 21, 2026, the selling price of gram gold was determined as 6,849.34 TRY, and the quarter gold selling price as 11,165.00 TRY.
Half gold finds buyers at 22,323.00 TRY, full gold at 44,558.24 TRY, and Cumhuriyet gold at 44,502.00 TRY.
Prices of Other Gold Types
Among other precious metals traded in the market, the selling price of gremse gold was recorded at the level of 111,737.31 TRY.
Drop in Oil Prices
Brent crude oil futures hit their lowest levels since September 10 in early trading on Monday.
Brent crude declined by 2.08 percent to $101.71 per barrel.
Developments Affecting the Oil Market
Within the framework of United Nations meetings, hopes that diplomacy could be given a chance in the Iran war are affecting the markets.
Despite ongoing attacks by Yemen's Houthis, a partial recovery in Saudi Arabia's oil shipments has pulled prices down.
Assessments by JPMorgan Analysts
In their note dated September 18, JPMorgan analysts stated that Middle East oil flows remained strong despite the pipeline interruption in Saudi Arabia.
The report stated that total oil flows averaged 17.1 million barrels per day over the last 10 days.
Strait of Hormuz Shipment Data
Reports prepared based on satellite data show that Saudi Arabia's shipments through the Strait of Hormuz have increased.
It was noted that shipments rose to an average of 2.9 million barrels per day in the last six days.