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Gold market sees price drop

Gold market experiences price drop. One gram of gold falls by 60 manats. Causes include energy prices, oil, inflation, and dollar demand.

William Thomas
ByWilliam Thomas- Senior Editor
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Gold prices have noticeably decreased. One gram of gold has dropped by about 60 manats.

According to "Khazar" TV, sellers say Turkish gold products are in highest demand. These are sold at 175 manats per gram.

The buying price has also fallen. Gold previously bought at 170 manats per gram is now offered at 130 manats. Silver prices have also declined.

Experts attribute the price drop to rising energy costs, oil price increases, ongoing inflation, and higher demand for the US dollar.

Expert Rashad Hasanov notes that it is difficult to predict stable prices for the coming period. The lack of a clear framework makes it challenging to set and manage expectations, increasing anticipation of further price changes.

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Gold market sees price drop | Bond.az