New record for gram gold

Gram gold broke a record today, rising to 4,420,336 lira.

The dollar weakened and gold rose ahead of the US Federal Reserve's (Fed) interest rate decision on July 30.

Gram gold, which closed last week at 4,352,395 liras, is 4,399,510 liras as of 10:53.

Gold, which closed last week at $3,350.4, rose to $3,385.35 at the same time.

The dollar is 40.4217 lira.

“Gold’s upward movement is supported by positive technical indicators and a broad base of dollar weakness,” OANDA senior market analyst Kelvin Wong said, according to Reuters .

The ounce is a British unit of weight. It is used in calculating the value of precious metals such as gold, silver, and diamonds. One ounce is equal to 31.10 grams.

When calculating the price of a gram of gold in Türkiye, the current price of one ounce of gold is divided by 31.10 and multiplied by the dollar/lira exchange rate. This gives the value of a gram of gold in lira.