Gold Prices Plummet: How Much is Gram of Gold Now?

The escalating US-Iran conflict in the Middle East has affected oil prices, causing gold prices to drop by over 3% on a weekly basis. The price of gold started the last day of the week with an increase, trading at 6,049 liras per gram. Following the decline in the price of an ounce of gold the previous day, the gram of gold ended the day with a 2% decrease, trading at 6,020 liras. The price of gold started the day with an increase, trading at 6,049 liras per gram as of 09:20, representing a 0.5% increase from the previous close. Analysts stated that the downward trend in gold prices may continue. As long as tensions in the Middle East persist, liquidity needs will continue, and demand for the dollar will increase, they said.