The head of the jewelry shops' guild, Rabi' Allan, said that the increases in gold prices over the past twenty days were expected for the year 2026, and not at this rapid pace.
Allan added that during the transactions over the past 28 months, the market did not witness any real decrease in gold prices, indicating that the prices maintained high levels throughout this period.
He pointed out that silver prices increased by 300% over the past two years, considering these increases reflect economic fluctuations and the growing demand for metals as safe havens.
Allan clarified that the local market is still affected by global price movements of gold and silver, assuring that investors and citizens are increasingly turning towards gold liras, gold ounces, and silver as means to protect their money under the fluctuating economic conditions.
