Direction of gold prices turns downward again: Current gold prices
As of September 30, 2026, the direction of gold prices has turned downward once again, with gram gold trading at 6,578 TL and quarter gold at 10,794 TL.
Gold prices entered a downward trend once again on Wednesday, September 30, 2026, driven by rising US bond yields and messages from Fed officials.
Current Gold Prices
According to the latest market data, gram gold finds buyers at 6,578 TL.
Quarter gold is trading at 10,794 TL, and Republic gold is at the level of 43,038 TL.
Ounce Gold and Weekly Trend
Ounce gold declined compared to the previous close, dropping to the level of $4,175.
The precious metal, which lost about 4 percent in value on Monday, is preparing to close September with a decline.
Impact of the Decline in Oil
The drop in oil prices provided limited support to gold despite the pressure from bonds.
The retreat of energy prices was among the factors that eased inflation concerns.
Rise in US Bond Yields
The yield on the US 30-year bond climbed to 5.62 percent, reaching its highest level since June 2002.
This increase in bond yields continues to put pressure on gold prices.
Rate Hike Signal from the Fed
New York Fed President John Williams stated that interest rate hikes could be made later in the year due to inflationary pressures.
The expectation that interest rates will remain high limits the appeal of gold.