Latest Updates on Gold Prices as Four Giant Banks Announce Their Forecasts
The gold prices for Monday, April 20th, have been determined. Those who invest in the safe haven of gold are closely scrutinizing the prices. Will gold decrease? Will it increase? These questions found their answers on the first day of the week. As the curiosity about gold prices intensifies, the world's four leading banks have also disclosed their gold forecasts.
Gold Prices on April 20, 2026: What's the Value of Gold?
The latest status of gold has been determined. The announcement by Iran that it had reopened the Strait of Hormuz in recent days brought about a surge in gold prices. However, with the breakdown of the ceasefire between the US, Israel, and Iran, and the subsequent closure of the Strait of Hormuz, gold prices started the first trading day of the week on a downward trend. Gold prices: How much is gold? Here's the latest on gold prices:
How much is a gram of gold?
The price of a gram of gold is 9,919 TL.
How much is a quarter of gold?
The price of a quarter of gold is 11,247 TL.
Half gold price
Half gold is priced at 22,489 TL.
Republic gold price
Republic gold is priced at 44,830 TL.
Ounce gold price
The price of an ounce of gold is 4,804 dollars.
Predictions of major banks on gold. Will the value of gold rise?
Gold prices experienced a veritable 'roller-coaster market' in the first quarter of 2026. Following a sharp 11% drop in March, they bounced back with a 12% recovery in April, bringing a smile to the faces of investors. The initial news on Friday about the opening of the Strait of Hormuz acted as a catalyst, propelling the price per ounce back above the $4,800 barrier.
According to analysts, the current surge isn't solely driven by geopolitical fears; the real driving force behind it is macroeconomic shifts.
The world's four leading banks have laid out their predictions for gold. According to them, gold prices will trend upward in the long run.
JP Morgan is maintaining its expectation for gold at $6,300, while Deutsche Bank has put forth a prediction of $6,000. UBS is holding firm at $5,600, and Goldman Sachs is sticking to its $5,400 forecast. In a Reuters poll, 30 analysts put forth the figure of $4,746.
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