Gold prices have soared in recent days: now a quarter ounce costs over 10,000 Turkish lira

Gold prices in Northern Cyprus continue to break records. As of October 17, gram gold (gram altın) reached 5,910 TL, and a quarter ounce (çeyrek altın) exceeded 10,000 TL for the first time, trading between 10,040 and 10,145 TL.

The global market is also showing rapid growth: the price of an ounce (ons) of gold rose to 4,381 USD, representing a weekly increase of approximately 8.2%.

This price surge can be explained by several factors: instability in international financial markets, inflows of capital into “safe havens,” and inflationary pressure. Economists note that gold periodically acts as insurance against risks, especially when confidence in traditional assets declines.

Buyers and investors are already feeling the price increase: entering the gold market has become more expensive, and some buyers may postpone transactions awaiting a correction. Traders and jewelry companies, on the other hand, are forced to revise markups to maintain profitability.

If the trend continues, the price of a gram of gold and small gold items may rise even further — experts expect dynamic price movements in the coming days.