The rise in gram gold accelerated! It started the new day with a historic record.

Gold prices reached a new high this morning as expectations for a Fed interest rate cut strengthened. Driven by the decline in the dollar index and falling bond yields, gold climbed to $3,648 per ounce. The price of gold reached a record high of 4,838 Turkish Lira per gram. While markets are focusing on US inflation data for the Fed's September actions, analysts say gold could quickly approach its $3,700 target.

Spot gold reached a new all-time high of $3,654.57 in early trading. The ounce of gold is trading at $3,648.38, up 0.33 percent in the morning. Gold has gained 5.84 percent since the beginning of the month and 39 percent since the beginning of the year.

At the same time, gram gold broke a record with 4,848 TL, while prices were at 4,838 TL as of 07:12 in the morning.

GRAND BAZAAR GOLD PRICES

Gold prices are breaking record after record in the Grand Bazaar. Prices for gram gold, quarter gold, and full gold are experiencing sharp increases. Here are the Grand Bazaar gold prices...

Gram gold: 4,937 lira

Quarter gold: 8,058 lira

Tomorrow gold: 16,113 lira

Full gold: 32,076 lira