Gold prices are a subject of interest for investors. People are researching the current prices of a gram of gold and a quarter of gold. So, how much are the gold prices? How much did a gram of gold and a quarter of gold cost today? Latest quarter gold exchange rates for October 16, 2024…

Gold prices approached record levels. Today, the price of an ounce of gold exceeded $2,680 with a 0.75% increase. The record for gold currently stands at $2,685. Prices for a gram and a quarter of gold followed the performance of an ounce of gold. A gram of gold set a record at 2,953 Turkish Liras. A quarter of gold also changed hands at 4,820 Turkish Liras. Markets focused on economic data to gain insight into how much interest rate cut the US Federal Reserve (Fed) will make. Investors are certain that the Fed will cut the interest rate by 25 basis points and are looking for clues on the future steps regarding monetary policy.

In the US, the average interest rate for a 30-year mortgage reached the highest level since August last week, at 6.52%. Mortgage applications decreased by 17% during the same week.

In the UK, the annual inflation rate was announced as 1.7% in September. Therefore, the country’s inflation dropped below the 2% target for the first time in 3.5 years.

The World Bank announced that an additional $30 billion in financing will be provided to increase credit capacity.