Current Gold Prices: May 29, 2024 – Gram Gold at ₺2,430, Quarter Gold at ₺3,954

Gold prices, closely watched by investors, have been announced for today, May 29, 2024. An ounce of gold is trading at around $2,344, marking a 0.66% decrease due to pressure from U.S. economic data impacting risk appetite.

Key Rates:

  • Gram Gold: ₺2,430
  • Quarter Gold: ₺3,954

Market Influences:

  • U.S. Treasury Yields: Rising yields have boosted the appeal of the dollar, putting pressure on stock markets. The yield on the 10-year U.S. treasury bond reached 4.56%, its highest level since May 3.
  • Consumer Confidence: The U.S. Consumer Confidence Index unexpectedly rose by 4.5 points to 102 in May, sparking concerns about the timing and scale of potential Federal Reserve interest rate cuts. Investors currently assign a 44% probability to at least a 25 basis point rate cut in September.
  • Upcoming Data: Key U.S. economic data, including growth figures and the Personal Consumption Expenditures (PCE) index, will be released later this week. Eurozone inflation data is also expected, with the European Central Bank (ECB) signaling potential rate cuts in upcoming meetings.


Gold prices in Turkiye have been influenced by both international gold prices and the Dollar/TL exchange rate. Investors are closely monitoring these movements as significant economic indicators are set to be released later this week.

Source: NTV / Prepared by Irem Yildiz

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