Record-Breaking Start to the Week: New Gold Price Peak Achieved / Vezir Agency

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Market Impact of Israel-Iran Conflict Escalation

The ongoing conflict initiated by Israel’s attack on Iran has rapidly intensified, leading to a significant increase in global geopolitical tensions. This escalation has driven investors towards safe-haven assets, notably gold, which is seen as a secure investment during periods of uncertainty.

Gold prices have reached record highs this week, reflecting widespread investor anxiety and the search for stability in turbulent times.

Gold Price Trends and Metrics

Gold per ounce: Starting the week at $3,441, the price surged to a peak of $3,451 before settling at a current trading level of $3,430. This fluctuation underscores the volatile nature of the market amid geopolitical instability.

Gold per gram: Beginning the week at 4,350 TRY, the price increased to 4,380 TRY, setting a new record high. At present, the buying price for gold per gram stands at 4,355 TRY, illustrating a strong upward trend.

Regional Gold Pricing Insights

In the local markets, particularly in the Grand Bazaar, the prices for different gold denominations are as follows:

• Quarter Gold: 7,208 TRY
• Full Gold: 28,703 TRY

Additional Notes

This article has been created, translated, and reviewed with the support of artificial intelligence, ensuring accuracy and clarity. For further details, please refer to our Terms and Conditions. Vezir Agency