Gold Started the Day with a Rise: Upward Trend in Gram, Quarter and Republican Gold

Ankara - Gold prices, closely followed by financial markets, started the new day with an increase. The gram of gold is trading at 4 thousand 329 liras with an increase of 0.2 percent as of today (July 29, 2025). Yesterday, gram gold, which lost value in parallel with the decline in ounce gold and completed the day at 4 thousand 322 liras, gave signs of recovery on the new day.

Current Gold Prices in the Free Market

With the opening of the markets, current gold prices in the free market were determined as follows:

• Quarter gold: 7 thousand 252 liras.

• Republic gold: sells for 29,254 liras.

This increase is considered as an indicator of investors' search for a safe haven.

Ounce Gold Also on the Rise: Global Uncertainties

Not only domestic markets, but also the global gold market is in an upward trend. The ounce price of gold started the new day with an increase of 0.2 percent and is trading at $ 3,320 as of 09.45.

Analysts evaluate the reasons behind this rise in ounce gold. Despite the positive news flow regarding the trade talks between the US and other countries, the ongoing uncertainties about the effects of the tariffs on the global economy increase the demand for gold, which is seen as a safe haven. It is stated that global economic and geopolitical developments continue to direct investors to gold.

Markets Follow Data Agenda

While the domestic data agenda is said to be calm today, there are important economic data to be followed in international markets. Analysts point out that the global economic growth forecasts of the International Monetary Fund (IMF) may be decisive on the markets. In addition, the US consumer confidence index, wholesale inventories, house price index and JOLTS job openings data will also be on investors' radar. These data are expected to provide clues about the overall health of the US economy and the global economic outlook.

Technical Levels and Resistance/Support Points

Technical analysts have identified important levels in the ounce price of gold. Accordingly, it is stated that the level of 3 thousand 450 dollars is a strong resistance point, meaning that gold may have difficulty exceeding this level. On the other hand, it is stated that the level of 3 thousand 320 dollars is in the support position, that is, there may be buying demand in the declines below this level.

It is a matter of curiosity whether this upward trend in gold prices will continue in the coming period with the uncertainties in the global economic outlook and expectations regarding the monetary policies of central banks. Investors will continue to determine their positions in light of developments.