The sharp decline in gold prices continues. With many developments experienced with the new week, sharp declines in gold prices continue. Parallel to the decline in the dollar exchange rate, safe haven gold prices continue to fall. After completing the first trading day of the week at 492 lire, the price in grams of 24-karat gold bars in Istanbul’s Grand Bazaar ended at 494 lire on Tuesday. Following President Erdogan’s statements yesterday and the messages he gave about the economy, there was a sharp drop in gold prices with the drop in the dollar exchange rate. Gold gram ended the day at the level of 472 lire. One gram of 24-karat gold bullion at the Grand Bazaar completed the day down 4.53 percent from 472.00 lire. At the Grand Bazaar in Istanbul, while the gold quarter was sold at yesterday’s close at 765.00 lire and the gold of the Republic at 3.131.00 lire, the price in gram of the 24-karat gold bar was quoted at 472.00 lira, 4.53 percent less than Tuesday’s close.
