After the elections, the sharp movements in the dollar/TL exchange rate, which accelerated its rise by breaking the brake, led to the renewal of records in gram gold and quarter gold prices.
Starting the day with a value increase of more than 5 percent and reaching a record level of 22.90 in the first trading hours, the increase up to 7 percent during the day accelerated the rise in grams and quarters.
While the dollar/TL exchange rate renewed its historical record above the 23 level, gold continued to follow the dollar closely.
Under the gram, which carried its rise over 7 percent in line with the dollar during the day, prices rose above 1,450 TL and renewed its historical peak and intraday record. Quarterly gold, on the other hand, rose above 2,400 TL both in the spot market and in the Grand Bazaar.
Although there was a 0.20 percent decline in the price of ounce gold in the global markets, the exchange rate, which started to rise sharply with the new economy management led by Mehmet Şimşek, increased the prices of precious metals, primarily gold, calculated in dollars. While the critical decisions to be taken by the new economy management and the new names to be appointed at the Central Bank of the Republic of Turkey were discussed in the lobby, both the uncertainty in the appointments and the belief that the economy management would release the long-pressured exchange rate increased the upward increase in gold and foreign exchange prices.
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