Gram Gold at 319 TL Level

Gram Gold at 319 TL Level

The gram price of gold finds buyers from 319.1 TL after the day starts with rising. Yesterday, gram gold, which lost value in parallel with the decrease in the dollar rate and the ounce price of gold, completed the day with a decrease of 0.5 percent compared to the previous closing and ended 314.5 TL. Starting the new day with the gain of value, the gram price of gold is trading at 319.1TL 1.5 percent above the previous closing as of 11.10. In the same minutes, the quarter gold is sold at 519 TL and the Republic gold is sold at 2.123 TL. On the other hand, the ounce price of gold was balanced by 0.7 percent to $ 1,596. Analysts stated that the expectation that the central banks will cut interest rates to reduce the negative effects of the new type of coronavirus (Covid-19) outbreak on the global economy supports gold prices upwards. Technically, analysts stated that $ 1,625 per ounce of gold, $ 1,575 in support position, and 315-330 TL band per gram stands out.