Investors are eager to know the current gold prices, especially for gram and quarter of a gram. So, how much are gold prices today? What are the rates for a gram and a quarter of gold today? The latest rates for a quarter of gold on October 28, 2024…

Gold prices slipped on the first trading day of the week, primarily due to the steady value of the dollar.

As gold started around $2,741 with a 0.2% decrease, both gram and quarter prices followed the performance of gold per ounce. Grams of gold found buyers at around 3,023 Turkish Liras, while quarter gold exchanged hands at 4,826 Turkish Liras. The ongoing tension in the Middle East has limited the losses in gold prices. Over the weekend, Israel executed a retaliatory attack on Iran, targeting missile factories and other facilities near Tehran.

Following the Israel-Iran tension, oil prices plummeted to $72 with a 4.2% decrease.

Investors are now focusing on economic data to gain new clues about the path the Federal Reserve (Fed) will take in its monetary policy. The dollar recorded its largest monthly gain in two and a half years, indicating a strong U.S. economy and expectations that Donald Trump could win the presidential elections. Markets price in a 95% probability of a 25 basis point rate cut at the Fed’s November monetary policy meeting.