Weekly loss in gold prices exceeded 4 percent

In the markets this week, gram gold lost 4.18 percent and republic gold lost 3.34 percent of its value. While the decline in gold prices continues, an increase was recorded in foreign exchange rates.

The gram selling price of 24-karat bullion gold traded in the Grand Bazaar decreased by 4.18 percent this week to 6,380 liras. The selling price of republic gold also fell by 3.34 percent to 42,047 liras. The selling price of quarter gold, which was 10,887 liras last weekend, fell by 3.37 percent to 10,549 liras.

Jewelers stated that the decline in gold prices is not limited to Turkey and that a similar regression is being experienced worldwide. Pointing out that fluctuations in prices may be seen in the short term, jewelers stated that investors should not act in panic and sell their gold.

According to current data, gram gold is trading at 6,384 TL, quarter gold at 10,549 TL, half gold at 21,091 TL, full gold at 42,128 TL, republic gold at 42,047 TL, gremse gold at 105,645 TL, and ounce gold at 3,996 dollars.