How Gram Gold Crashed in Just 6 Months
Gold has been on a downward trend in recent weeks. The predicted year-end price of gold per gram, which was expected to reach 10,000 lira, has shown significant fluctuations in the first half of 2021. Known as a 'safe haven' due to its consistent profitability for investors, gold broke historical records in January only to plummet to its lowest levels in June. Here is a look at the changes in gold's value over the first six months.
The fluctuation in gold prices over the first six months has been revealed.
The gold market has been witnessing unprecedented developments since June. Gold, which continued its historic record-breaking streak into the early months of 2026, hit rock bottom. With the advent of June, a sharp pullback was observed in gold prices. Indeed, gold prices dropped to their lowest levels in recent months.
Entering January 2026 at 7,811 TL per gram, gold experienced its first pullback in February, dropping to 7,458 lira. Although gold rebounded to 7,660 lira in March, it failed to convert this movement into a lasting uptrend.
The selling pressure in the markets intensified during the spring months; the gram price, which dropped to 7,048 TL in April, broke psychological barriers in May and hit the 6,860 TL mark. In June 2026, the gold market tested its lowest levels. The decline in gold accelerated this month, reaching the figure of 6,050 TL.
Thus, in just a six-month period, gold lost approximately 22.5% of its value.
Here is the six-month change in gold:
January: 7,811 TL
February: 7,458 TL
March: 7,660 TL
April: 7,048 TL
May: 6,860 TL
June: 6,050 TL
Why did gold prices drop?
People are curious as to why gold prices have plummeted. According to experts, there are several factors behind this sharp decline in global markets, including a relaxation in inflation data, the stance of central banks on interest rate policies, and changes in the macroeconomic balances in the domestic market.
Investors who have been investing in gold for years, operating under the belief that 'Gold never loses,' have started to rethink their strategies in the face of this aggressive downturn.
One of the most hotly debated topics in economic circles is whether the market will rebound from these rock-bottom levels in the coming months, or whether the downward trend will continue into the second half of the year.
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