Spot gold rises to $4,127 per ounce; gram silver reaches 93.24 lira

Spot gold climbed 1.54 percent to $4,127.04 per ounce as of 07:25 a.m. Istanbul time on Wednesday, while U.S. gold futures traded at $4,184.40 with a 0.8 percent premium. According to market data, spot silver gained 1.9 percent to reach $60.64 per ounce; gram silver rose to 93.24 lira in the Turkish market. For investors redirecting their accumulation from gram gold to silver, this level represents entry costs approximately 30 percent higher than a year ago. Platinum rose 1.4 percent to $1,758.35, marking its highest level since mid-June; palladium climbed 0.9 percent to $1,365.62, closing its second consecutive day of gains. The continued weakening of the U.S. dollar makes dollar-denominated metals more attractive to investors holding other currencies. The relative stabilization of oil prices after sharp declines in the last two trading sessions eases inflationary concerns that fuel interest rate expectations, providing support for the metals rally.