Gold Experiences Sharp Decline.
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Gold prices started the new week with a sharp decline. The price of an ounce of gold fell to $4,191, its lowest level since August 5th. The loss in gram gold also exceeded 2%, reaching 6,539 Turkish Lira. However, in the long term, a period of record highs for gold is expected to return.
Gram gold, which started the market at a high level, is trading at 6,587 Turkish Lira as of 09:01, showing a 2.27% decrease in value. Quarter gold is selling for 10,779 Turkish Lira, and Republic gold for 42,000 Turkish Lira.
On the first trading day of the new week in global markets, selling pressure dominated precious metals. The decline in the price of gold per ounce was also reflected in the prices of gram and quarter gold in Turkey. Investors are investigating the reasons for the decline and whether the pullback in gold will continue. So, why did gold fall on September 28, 2026? Will gold continue to fall?
Gram gold, which started the market at a high level, is trading at 6,587 Turkish Lira as of 09:01, showing a 2.27% decrease in value. Quarter gold is selling for 10,779 Turkish Lira, and Republic gold for 42,000 Turkish Lira.
Gold prices saw a downward trend on the first trading day of the week. Gram gold was trading at 6,603 Turkish Lira, while the price of an ounce of gold was around $4,196.
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