Gold prices are trading near record levels of over $3,000. Meanwhile, gram gold remained flat just below 3,700 Turkish Liras.

As the demand for a safe haven in gold continues, the price of an ounce of gold hovered near record levels at $3,020. The uncertainty created by the upcoming mutual tariff negotiations in the United States affected gold prices. President Donald Trump’s mutual tariff plans are expected to come into effect on April 2. The new tariff plan is anticipated to be more targeted and limited than previous ones. On the other hand, investors focused on the leading inflation data considered by the Federal Reserve. The personal consumption expenditures data in the US will be announced on Friday, shedding light on monetary policy. Geopolitically, developments in the Ukraine-Russia conflict and the Middle East are being monitored. In peace talks led by the US, Ukraine and Russia have agreed to halt attacks at sea and on energy targets.

HOW MUCH IS A GRAM OF GOLD? Gram gold did not experience significant pricing changes due to the flat trend of ounce gold and USD/TRY. The gram gold price is currently quoted at 3,693 Turkish Liras. A quarter of a gold coin is trading at 6,064 Turkish Liras.