The pulse of gold in the Grand Bazaar continues to fuel the curiosity of investors and citizens with its downward trend since the weekend. Gold prices, which broke record after record on a global scale and reached their peak in recent days, started to decline following the political developments. One of the reasons for the decline in gold, which investors and citizens see as a ‘safe haven’, is the slowdown in FED’s interest rate cut expectations and the fact that global inflation is lower than expected. Here is the latest situation below…
HOW MUCH IS GOLD GOLD BUYING AND SELLING? (OCTOBER 21)
BUYING GRAM GOLD: 5.860,01 TL
GRAM GOLD SALES: 5.860,71 TL
WILL THE DECLINE IN GOLD PRICES CONTINUE?
As of the first day of the new week, gold prices have entered a short-term correction process following the record levels of recent weeks. It is estimated that this decrease is due to factors such as the increased risk appetite in global markets, the easing of US-China trade tensions and the slowing down of the Fed’s interest rate cut expectations. However Experts consider this movement as a temporary consolidation and emphasize that the general bull trend is not broken.
21 OCTOBER GRAND BAZAAR GOLD PRICES
▶Buying Gram Gold: 5.860₺01
▶Gram Gold Sales: ₺5,860.71
▶Buying Quarter Gold: 10.084,00₺
▶Quarter Gold Sale: 10.207,00 ₺
▶Buying Half Gold: 20.168,00₺
▶Half Gold Sale: 20.413,00₺
▶Buying Full Gold: 39.432,62₺
▶Full Gold Sale: 40.218,65₺
▶Buying Republic Gold: 40.212,00₺
▶Republic Gold Sale: 40.640,00₺
▶Buying Reşat Gold:40.244,47₺
▶Reşat Gold Sales: 40.672,95₺
▶Buying Ata Gold: 40.664,89₺
▶Ata Gold Sales: 41.699,09₺
21 OCTOBER FOREIGN EXCHANGE PRICES | HOW MUCH IS DOLLAR – EURO?
The downward trend in gold continues to affect exchange rates downwards. On the first day of the week, the dollar was traded at 41.96 TL, while the euro decreased to 48.88 TL. While experts state that investors are turning to risky foreign exchange positions as safe haven assets such as gold lose value, the slowdown in the Fed’s interest rate cut expectations is cited as another reason for the decline in prices.
◼US Dollar: 41.94 (Buy) – 41.96 (Sell)
◼EURO: 48.80 (Buy) – 48.89 (Sell)
◼STERLING: 56.20 (Buy) – 56.25 (Sell)
NOTE: Latest information on gold and exchange rate 21 October Tuesday day 06.26 am taken as of .