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Gold Gram/Turkish Lira (GAU/TRY)

Gold Gram (GAU) to Turkish Lira (TRY) exchange rate

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Product Type: Precious Metal CFD
Currency: Turkish Lira (TRY)Measurement Unit: Gram
Trading Hours: 24 hours, Mon-Fri.
Full trading conditions >>

Description:

Gold is a very well-known soft metal that's listed worldwide on many exchanges – valued in terms of Turkish lira (TRY). for hundreds of years, gold has been thought of as a primary medium for exchange and it remains a significant world currency. Another positive attribute is the metal’s high market liquidity, that permits traders to buy and sell contracts each quickly and simply.

The method of determining the price of gold involves an estimation of gold extraction, production and existing bullions across the world, at the same time considering the effects of economic and political events, general speculations and market behavior, likewise the price of alternative currencies and commodities. Gold’s spot prices are calculated and known every few seconds throughout market hours.

Interesting Facts:

  • Gold is one of the best anti-inflationary tool against currency depreciation because it is not controlled by any government or international authority.
  • Because they have significantly different time zones, gold futures and options are virtually available around-the-clock.
  • China and South Africa lead the world’s production of gold accounting for approximately 15% of the global annual gold output. Argentina, Russia, Canada and USA are the other major gold producers.
 
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.