Gold prices are experiencing volatility as escalating tensions in the Middle East continue to impact global markets. The price of gold began the day with an upward trend, reflecting the increased geopolitical risk in the region. Experts anticipate that ongoing uncertainty and signs of escalating conflict will continue to fuel market volatility.
As of March 5, 2026, the price of gold reached 7,272.8 TL per gram, according to reports. The price of a quarter gold coin is currently 12,232 TL, while a half gold coin is selling for 24,472 TL. A full gold coin is priced at 48,923.78 TL and a Republic gold coin is available for 48,720 TL.
The spot price of gold is currently $5,150.9 per ounce. This surge in gold prices underscores its role as a safe-haven asset during times of geopolitical instability. Recent data indicates that the price of gold rose to 7,284 TL per gram, with a quarter gold coin trading at 12,250 TL and a Republic gold coin at 48,460 TL.
Yesterday, gram gold lost 4.4% of its value, closing at 7,201.5 TL, following a decline in the ounce price. Yet, the price has since rebounded, currently trading 1.1% higher than its previous close. The ongoing conflicts in the Middle East are contributing to fluctuations in energy markets and prompting investors to reassess their positions, leading to an upward trend in precious metals. Analysts note that increased geopolitical tensions are driving demand for safe-haven assets like gold.
Here’s a snapshot of current gold prices:
- Gram Gold: 7,272.8 TL
- Quarter Gold: 12,232 TL
- Half Gold: 24,472 TL
- Full Gold: 48,923.78 TL
- Republic Gold: 48,720 TL
- Ounce Gold: $5,150.9
