"Year-end expectation for gram of gold is 5 thousand TL"

Following the recent upward and downward momentum of gold, Grand Bazaar tradesmen are expecting an increase in the gram price of gold during and after Eid al-Adha. The price of gram gold is currently at 4,250, but this is expected to be 4,350 after the holiday. Seyrekoğlu Jewelry Board Chairman Aras Seyrekoğlu expects gold to rise to around 5,000 TL per gram by the end of the year. Seyrekoğlu also stated that the wedding season has begun and that he expects an increase in gold sales in the 3-4 month period.

Seyrekoğlu, who stated that the sale of gold bullion has increased, said, "Citizens currently prefer gram, quarter and bullion gold as an investment. It used to be sold a lot in towed gold, but with the ban on towed gold, the demand for bullion gold has increased. When we look at Anatolia, 22 carat gold is preferred a lot. 22 carat gold does not cause much loss in workmanship compared to 14 carat gold."

"Gold will continue to rise during and after the holiday"

Stating that gold will gain momentum during and after the holiday, Aras Seyrekoğlu said, "We expect an increase in gold on an ounce basis during and after the holiday. We also expect a downward flex in the dollar. We also expect an increase from the levels of $3,360 to $3,400 per ounce of gold. Gold is always a safe haven in the world. People's first choice for investment is usually gold. Although new investment instruments emerge, people are returning to investing in gold as a result of insecurities. When we look at the data of the central bank, our gold reserves have increased this year."

"Our year-end expectation is 5 thousand TL"

Seyrekoğlu, who stated his year-end expectations for the gram price of gold, said, "Right now, gram gold is at 4,250 levels, quarter gold is at 6,900 liras, half gold is at 13,800 liras and full gold is at 27,500 liras. I think gram gold will rise to 4,350 levels during the holiday. When we look at the end of the year, I predict that the gram price of gold will see 4,500 - 5,000 TL in the 3-4 month period."

"Gold sales will increase in the next 3 months"

Seyrekoğlu, who stated that he expected an increase in gold sales, said, "Since it is currently the wedding season, 14 carat jewelry sets and 22 carat sets are very much preferred. There is also a great demand for 22 carat bracelets. The bracelet types we call Ajda bracelets are also popular. Heavy models are preferred more in weddings. These next 3 seasons are the most active in the market. This activity will continue until the beginning of the wedding season and August. We expect an increase in gold sales."

UAV

Editor: News Center