The fluctuation process in gold, which has always been known as a ‘safe haven’ by investors, continues. The price per kilogram of gold, which was exposed to ups and downs around the world due to increasing global uncertainties, decreased by 5.8 percent to 5 million 760 thousand liras. Experts emphasize that these declines in the yellow metal, which is subject to short-term sales pressure, are temporary and that the price increase in gold will continue in the long term. So what’s the latest situation in the markets? Here are the live gold prices on Thursday, October 23…
HOW MUCH IS GOLD IN GRAMS? | THURSDAY, OCTOBER 23
BUYING GRAM GOLD: 5824.79 TL
GRAM GOLD SALES: 5946.02 TL
BREATH HOLDED FOR THE INTEREST RATE DECISION
The interest rate decision that the Central Bank of the Republic of Turkey (CBRT) will announce today at 14.00 stands out as a turning point that will directly affect gold prices; Market expectations are that the policy rate will be reduced by 100-150 basis points from the current level of 40.5%. If the discount occurs, it is expected to push the dollar/TL exchange rate up and increase gram gold prices by around 1-2% in the short term. Conversely, if the interest rate is kept constant or increased, gold will remain under pressure; However, due to high inflation (year-end forecast of 25-29%), the possibility of a discount is more weighty.
LIVE EXCHANGE RATE 23 OCTOBER 2025
◼US Dollar: 41.97 (Buy) – 41.98 (Sell)
◼EURO: 48.78 (Buy) – 48.83 (Sell)
◼STERLING: 56.11 (Buy) – 56.16 (Sell)
EYES ON FED’S DECISION
While market analysts question the continuity of the decline, they focus on the Fed’s interest rate cut expectations. If the US Federal Reserve reduces interest rates by 25-50 basis points towards the end of the year, a positive catalyst may occur for gold. Looking at historical data, ounces of gold generally gain 10-15% in value during interest rate cuts. On the other hand, surprise developments such as strong US employment data may push the dollar index up and put pressure on gold. Despite a 49% year-on-year increase, the current decline is characterized as a “correction” in technical analysis.
GRAND BAZAAR GOLD PRICES 23 OCTOBER
▶Buying Gram Gold: 5533.8040₺
▶Gram Gold Sales: 5534.5060₺
▶Buying Quarter Gold: 8964.5430₺
▶Quarter Gold Sale:9104.8385₺
▶Buying Half Gold: 17928.5735₺
▶Half Gold Sale: 18237.7423₺
▶Buying Full Gold: 35744.38₺
▶Full Gold Sale: 36308.02₺
▶Buying Republic Gold: 36576.0323₺
▶Republic Gold Sale:37193.2363₺
▶Buying Ata Gold: 36570.6816₺
▶Ata Gold Sales: 37191.4051₺
NOTE: Latest information on gold and exchange rate 23 October Thursday day 06.26 am taken as of .