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Although there is no variation in the price of an ounce of gold, experts attribute the rise in gold to the increase in the dollar exchange rate in the domestic market.
The purchase price of a quarter of gold in the Grand Bazaar was 814 lire, while the sale price was 822 lire.
GOLD PRICES OCTOBER 28
HALF GOLD HOW MUCH MONEY?
Buying: 1,627.90 lire
Sales: 1,644.30 lire
HOW MUCH CURRENCY FOR THE REPUBLIC’S GOLD?
Buying: 3,256.20 lire
Sales: 3,276.50 lire
HOW MUCH MONEY FOR RESHAT GOLD?
Buying: 3,288.67 lbs.
Sales: 3,309.45
Photo: Shutterstock
GCM assistant investment analyst Kaan Kutsar evaluated the rise in gold on sozcu.com.tr.
KUTSAR: THE INCREASE IS IN THE DOLLAR
Kutsar stated that the prices of an ounce of gold decreased due to the problem experienced in the negotiations of the financial stimulus package in the US, and said: “The rise in the exchange rate of the dollar in the domestic market increases the prices of grams of gold. 500 psychological, an important level. If this level is exceeded, 505 TL can be seen, and if they are permanent, 510 TL can be seen, “he said.
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