While gram gold was around 7 thousand liras before Eid al-Fitr, the gram price dropped to 6 thousand liras due to global developments.
When demand was intense with the thought that prices would skyrocket again, the stocks of one gram, quarter and half gold in jewelers were depleted. Thereupon, gold production facilities are working feverishly to keep up with the demand of citizens.
“The rumor that there is no gold does not reflect the truth”
Stating that this decrease is a possible situation with the rise in oil, the increase in the dollar and the FED’s interest rate decisions, Özbağ Kuyumculuk General Manager Aziz Sözeroğlu stated that this difference and intensity is entirely due to the increase in demand and said;
“The ‘no gold’ claims that have been spread recently in the market, especially in the Grand Bazaar, do not reflect the truth. There is no lack of gold. There is no crisis environment. The situation experienced is only short-term delays in deliveries due to increasing demand.
