The price of an ounce of gold is hovering near a record high of over $3,000. Meanwhile, a gram of gold is priced around 3,700 Turkish lira. Gold prices continue to maintain their close proximity to record levels. On the last trading day of the week, an ounce of gold is trading around $3,030. The price of gold per ounce had reached a record high of $3,057 yesterday. Since the beginning of the year, gold has risen by over 15%. The uncertainty in global trade and the demand for safe havens have been influential factors in the rise of gold. Following the decision on interest rates by the Federal Reserve, hints regarding monetary policy are starting to become clearer. The Fed, which kept its policy rate unchanged, had confirmed plans for two interest rate cuts this year. Fed Chairman Powell described the impact of President Donald Trump’s tariffs on inflation as temporary. However, Powell reiterated that there is no rush for an interest rate cut. Meanwhile, tensions in the Middle East are escalating once again. Following Israel’s expansion of attacks on Gaza, Hamas launched missiles towards Tel Aviv. The US also continued its airstrikes on Houthi targets in Yemen. Additionally, Trump’s new tariff measures are expected to go into effect as of April. What is the price of a gram of gold? There has also been an increase in the prices of gram and quarter gold. Fueled by the rise in the price of an ounce of gold and the USD/TRY exchange rate, gram gold had reached 4,000 lira the day before. After the selling pressure that followed, gram gold dropped below 3,700 lira and is currently trading at 3,695 lira. Quarter gold, on the other hand, is changing hands around 6,000 lira.