Investors are curious about gold prices. Research is being conducted on how much a gram of gold and a quarter of gold cost today. So, how much are gold prices? How much is a gram of gold and a quarter of gold today? Current quarter gold rates for October 1, 2024…

Gold prices started to rise slightly on the first day of October. The price of an ounce of gold rose to around $2,642 with a 0.28% increase. Last week, gold hit its historical peak at $2,685 per ounce. The movement in gold prices was influenced by the statements of Federal Reserve Chairman Jerome Powell and tension in the Middle East. Gram and quarter prices moved in parallel with the performance of an ounce of gold. A gram of gold found buyers at 2,905 Turkish Liras on the first trading day of the week. Quarter gold also changed hands at the level of 4,739 Turkish Liras. Powell’s statements reduced expectations for a major interest rate cut, while ongoing tension in the Middle East put pressure on risk appetite. Fed Chairman Jerome Powell said in a statement yesterday that, following increased confidence in economic growth and consumer spending from newly announced data, the central bank will likely make 25 basis point cuts in the future. Powell said, “The committee is not in a hurry to quickly reduce interest rates.” Following Powell’s statements, markets priced in a 38% chance of a 50 basis point interest rate cut next month. Israel has begun a long-awaited ground operation in southern Lebanon targeting Hezbollah targets.