Gold prices are moving: August 23, 2025 gram, quarter and full gold prices
As of 11:30 on Saturday, August 23, 2025, gram gold in the Grand Bazaar is around 4,443 TL, quarter gold is bought at 7,235 TL and sold at 7,340 TL; the buying price of half gold is 14,469 TL and the selling price is around 14,681 TL.
Fed Chair Jerome Powell signaled today that the institution could cut interest rates at its September meeting. Following Powell's remarks, stocks of major U.S. banks gained 0.7 percent, including Bank of America, JPMorgan, Citigroup, Goldman Sachs, and Morgan Stanley, which gained 0.7 percent, 0.8 percent, and Wells Fargo, which gained 0.6 percent.
Gold opened at $3,323 an ounce in the morning session, but after Powell's speech included information about the policy change, it gained 1.11% to $3,361. As of 5:34 p.m., gold continued to gain value and was at $3,372 an ounce. The New York Stock Exchange closed the week's final trading day higher after Federal Reserve (Fed) Chair Jerome Powell cautiously opened the door to the possibility of a rate cut at the Jackson Hole Economic Policy Symposium.
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