Gram Gold Price in Turkey; Evening Rate Report July 1, 2026

Current Status of the Gold Market in Turkey

Today, July 1, 2026, the Turkish gold market witnessed one of its most volatile days of the year. According to data published by reputable news sources such as "Canlı Gazete" and "Sabah," the price of each gram of gold in evening transactions reached the level of 6,035.80 Turkish Liras with a growth of 0.40% [1]. Meanwhile, the purchase price of this precious metal has stabilized at around 6,034.84 Liras. Recent fluctuations indicate the continued high demand for gold as a safe asset among Turkish citizens seeking to preserve the value of their assets against inflation.

In addition to gram gold, other coins also saw price increases. The Quarter Gold coin was sold in the free market at a price of 9,965 Liras, and its purchase price was reported at 9,877 Liras [1]. This upward trend is clearly observed in all sectors of the market, including 22-karat gold and the Republic coin.

Global Drivers and Exchange Rates

One of the main reasons for the jump in gold prices in the Turkish domestic market is the strong performance of the global ounce in international markets. On July 1, 2026, the price of each ounce of gold reached $4,108.48, an increase of 2.51% compared to the previous day [2]. Analysts believe that the statements of Kevin Warsh, the new Chairman of the US Federal Reserve, and increasing geopolitical tensions in the Middle East, especially between the United States and Iran, have been the main factors for buyers returning to the gold market [2].

On the other hand, the Dollar to Turkish Lira exchange rate also plays a decisive role in domestic pricing. At the end of today's transactions, the Dollar rate was traded at 46.66 Liras, which shows relative stability compared to previous months but at a high level [4]. The combination of the increase in the global ounce price and the high Dollar rate has put double pressure on the gram gold price, pushing it to new records.

Forecasts and Market Outlook

Looking ahead, many of the world's major financial institutions are optimistic about the gold price trend in the second half of 2026. Large banks such as JPMorgan and Wells Fargo have updated their forecasts for the end of 2026. JPMorgan expects the price of each ounce of gold to reach $6,300 by the end of the year [3].

In the Turkish domestic market, experts predict that if the Lira rate weakens against the Dollar, the gram gold price could easily experience higher levels. Some macroeconomic models show that the gold price in Turkey may maintain its upward trend until the end of this calendar year due to inflationary pressures and physical demand [2]. Investors are now closely following US employment data and the next decisions of the Central Bank of the Republic of Turkey to predict the next direction of the market.