Gold Prices Dropped Sharply After Hitting Historical Peak

Shocking Drop in the Gold Market

Throughout the week, gold prices delighted investors, but on October 17, they experienced a sharp withdrawal after losing certain momentum. The price movements that challenged historical peaks indicated a period that investors were closely monitoring. However, the rapid sell-offs that occurred on the last trading day of the week changed this situation.

Gold Prices per Gram and Ounce

As of Friday morning, the price of gram gold was trading at 5,896 TL, but it dropped to 5,727 TL by the close. This process redirected investors' attention back to the direction of gold prices. A similar situation was observed in international markets; ounce gold opened Friday at 4,357 USD but finished the week at 4,251 USD.

The Question Investors are Curious About: Will the Rise Continue?

This sharp decline raised questions in the minds of many investors. The question Will gold continue to rise? has become one of the most discussed topics in the markets. In fluctuating market conditions, investors are focusing on the trend of gold prices for the upcoming week.

Current Gold Prices

As of Saturday, October 18, current gold prices in the free market are as follows:

• Gram gold: Buy: 5,726.53 TL - Sell: 5,727.34 TL


• Ounce gold: Buy: 4,250.52 USD - Sell: 4,251.12 USD


• Quarter gold: Buy: 9,947.00 TL - Sell: 10,218.00 TL


• Half gold: Buy: 19,895.00 TL - Sell: 20,436.00 TL


• Full gold: Buy: 39,545.31 TL - Sell: 40,333.53 TL


• Republic gold: Buy: 39,668.00 TL - Sell: 40,685.00 TL


• Ata gold: Buy: 40,781.10 TL - Sell: 41,818.20 TL

Monitoring the fluctuations in gold prices will be a critical factor for investors in the coming days.