Gold prices are a matter of curiosity for investors. People are researching how much a gram of gold and a quarter of gold cost today. So, how much are gold prices? How much are a gram of gold and a quarter of gold today? Current quarter gold rates on October 17, 2024…

Gold prices hit a record with expectations of uncertainty related to the US elections and ongoing interest rate cuts. Today, gold hit a peak of $2,691 with a 0.64% increase. The prices of grams and quarters moved parallel to the performance of gold per ounce. Gram gold found buyers at around 2,951 Turkish Liras. Quarter gold also changed hands at the 4,824 Turkish Lira level. Industrial production in the US recorded a monthly decrease of 0.3% in September, exceeding market expectations. Accordingly, industrial production in the country decreased by 0.3% in September compared to the previous month. Market expectations were that industrial production would decrease by 0.1% during this period.

The European Central Bank (ECB) reduced the three key policy rates by 25 basis points in line with market expectations. Thus, the bank lowered interest rates for the second consecutive meeting. The ECB emphasized that the process of disinflation was on track.

The World Gold Council (WGC) announced that gold has provided a significant return above inflation in the long term in the last 50 years, in line with global Gross Domestic Product (GDP). The dollar traded close to a two-and-a-half month high with expectations of Donald Trump being re-elected as US president next month. Trump’s customs duties, tax, and immigration policies are thought to raise inflation, which has a negative impact on bond prices and a positive effect on the dollar.