Gold Prices Plummet: How Much Are Gram and Quarter Gold?

Gold prices continue to decline due to inflation concerns following the US-Iran war, a strong dollar index, and expectations of interest rate hikes by the Fed. The price of an ounce of gold has fallen below $4,000, while gram gold has dropped below 6,000 lira after reaching a record high of 7,800 lira in February.In global markets, gold prices remain under pressure due to high inflation fears, a strong dollar index, and expectations of interest rate hikes by the US Federal Reserve (Fed).Expectations that the Fed will continue to raise interest rates to control inflation have increased selling pressure on gold, which is seen as a safe haven.The price of an ounce of gold is currently trading at $4,011, while gram gold which reached a record high of 7,800 lira in February, has dropped below 6,000 lira. Gram gold is currently trading at 6.011 TL, and quarter gold is trading at 9,823 TL.