In Türkiye the gram gold price is shaped by the gold ounce price set on world markets together with the USD/TRY rate. Roughly:
Gram of pure gold ≈ gold ounce (USD) × USD/TRY ÷ 31.1035
(One troy ounce is about 31.1035 grams.) The main forces that move those two inputs are:
1. The USD/TRY rate
Because gold trades in dollars, a rising USD/TRY lifts the lira price of gram gold even if the ounce price is unchanged.
2. Interest rates
Gold pays no interest. Rate hikes by major central banks make interest-bearing assets more attractive and can reduce demand for gold; rate cuts usually support it.
3. Inflation expectations
When inflation rises, investors may turn to gold to protect against currency erosion.
4. Geopolitical risk and uncertainty
In times of war, crisis and economic uncertainty gold is seen as a "safe haven" and demand grows.
5. Central bank purchases
Many central banks hold gold in their reserves; rising or falling purchases move the market.
6. Physical demand
Jewelry demand, wedding seasons and investment buying — especially in large markets such as India and China — show up in prices.
What happens when the market is closed?
The international gold market is closed on weekends and some public holidays, so prices stay at the last close. You can follow current prices live on our price list.
This article is for general information and is not investment advice.