Sharp Decline in Stock Market and Gold: Gram Gold Fell to 6,370 Lira.
4 Articles
4 Articles
The weekly performance of investment instruments has been revealed. Gram gold fell to 6,370 lira, and quarter gold to 10,520 lira; while the BIST 100 index finished the week at 11,116 points. In a challenging week, money market funds were the top performers, with a gain of 0.62 percent.
On a weekly basis, stock and gold prices declined, while exchange rates saw limited increases; among mutual funds, positive returns were only observed in money market funds.
This week, while the stock market and gold lost value, the dollar gained value.
The BIST 100 index on the Istanbul Stock Exchange closed the week down 5.16 percent at 11,116.99 points; the price of 24-karat gold bullion per gram fell to 6,370 Turkish Lira. The selling price of the dollar, however, increased by 0.36 percent to 49.7060 Turkish Lira.
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