How much was the gram gold price? How many liras is quarter gold traded? You can follow the latest situation in gold prices live. Last minute developments regarding the latest situation in gold prices on March 14 and the reason for the decrease in gold prices.
GOLD PRICES 14 MARCH
Gram gold price
Purchase: 7.137,43 TL
Sales: 7.138,56 TL
quarter gold price
Purchase:11.685,77 TL
Sales: 11.961,32 TL
half gold price
Purchase: 23.298,51 TL
Sales: 23.922,65 TL
full gold price
Purchase: 46.947,00 TL
Sales: 47.573,00 TL
republic gold price
Purchase: 48.344,00 TL
Sales: 49.072,00 TL
Purchase: $5.018,46
Sales: $5.019,25
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THE SCISSORS BETWEEN THE GRAND BAZAAR AND THE MARKET HAS REACHED 100 TL… WHAT IS THE REASON?
Demand for gold has decreased. However, there is a pressure on the deposit interest rate due to the fact that it has increased and interest rate cuts will not be made. That’s why we see that the price gap between the market and the jeweler has closed.
WILL GOLD PRICES RISE AGAIN?
The most strange issue for investors is ‘The war has started, why is gold falling?’ was the question. Gold already rises before the war starts. When war begins, warring countries sell gold to buy weapons, and individuals there sell gold to cash. We have seen this in previous war periods. For this reason, the international price of gold did not increase and the ounce of gold fell to 5035 dollars. However, it later recovered again.
In fact, the real rise of gold is due to the questioning of the international monetary system rather than the war, and this trend seems to continue. The distress created by the increasing costs of the warring countries in their economies and this environment of uncertainty will continue to support the situation.
WHY DID GOLD DECLINE LAST WEEK DESPITE THE WAR?
When we look at the domestic market, when the war started last week, the beginning of the month fell on a Monday and tax payments were delayed until today. On the same day, the Central Bank made a sale of up to 7 billion dollars in order to keep the foreign currency under control, which meant that a significant amount of TL was withdrawn from the market. As the amount of sales increased to 12.5 billion dollars, a cash shortage occurred in the market and this situation still continues. We see that small-scale gold sales are made to find Turkish lira due to the need for cash.
