March 5 Gold Prices

March 5 Gold Prices

Gram gold prices move at 321 pounds; quarter gold prices find buyers in the Grand Bazaar from 526.43 TL and Republic gold in 2 thousand 161 TL. Despite the increase in the ounce price of gold yesterday, gram gold prices, which depreciated in parallel with the decline in the dollar exchange rate, started the new day at 320 pounds. Seeing the highest level of 321.81 TL during the day, gram gold prices were traded at 321.69 TL as of 12.02. In the Grand Bazaar, a quarter gold found buyers from 526.43 TL, and republic gold from 2 thousand 161 TL. The ounce price of gold was traded at $ 1642 with an increase of 0.20 percent. Analysts noted that following the interest rate cuts from central banks globally, risk appetite increased relatively, as organizations such as the International Monetary Fund (IMF) announced that they had allocated budgets to combat the effects of the epidemic. Analysts pointed out that the new type of coronavirus (Covid-19) epidemic still remains an important risk factor for the global economy, and noted that increasing mortality in various countries supports gold prices. Analysts noted that technically, $ 1,650 an ounce of gold, $ 1,625 is in support position, and under 315 grams it is 315-330 TL.