On 4 August 2026, gram gold in Turkey traded at around 6,209 Turkish lira, starting the day with gains. At 09:40, one gram of gold traded at 6,209 Turkish lira, 0.2% above the previous close. Earlier, at 09:05, the price was recorded at 6,209.43 lira.
Gram gold traded at this level at 09:40 on August 4, up 0.2% from the previous close.
On the previous trading day, gram gold closed at 6,197 Turkish lira, up 0.3%. At 09:40 on 4 August, a quarter gold coin was sold at 10,160 Turkish lira, and a Republic gold coin was sold at 40,453 Turkish lira.
Gold's ounce price rose 0.2% to 4,062 US dollars on 4 August. The rise came as ongoing talks between the US and Iran have yet to produce a concrete result, keeping geopolitical risks on the agenda and supporting safe-haven demand.
The lack of a concrete result in US-Iran talks keeps geopolitical risks on the agenda.
US President Donald Trump said that negotiations with Iran had restarted and were ongoing, conducted with support from Saudi Arabia, the United Arab Emirates, Qatar and some other Gulf countries. He also said they had decided to stop planned attacks after calls from those countries.
Oil prices showed a renewed upward trend as passages through the Strait of Hormuz continued on a limited basis.
Fed expectations and coming data
The US Federal Reserve left its policy rate unchanged at its latest meeting, but three members voted for a rate hike. Below-expectations growth data and the personal consumption expenditures (PCE) data pointing to slower price pressures weakened hawkish rate expectations. Markets continue to price in a possible one rate hike by the Fed by the end of the year.
The US non-farm payrolls data to be released on Friday is expected to be decisive for rate expectations. Analysts said that today's data to follow include Turkey's real effective exchange rate domestically, and the US trade balance, JOLTS job openings and durable goods orders abroad.
