Gold grams brings 20 pct profit to investors


The price per gram of gold soared to TL 106 ($36) at the end of August from TL 88 at the beginning of the year, leading to a 20 percent profit for its investors.The price of gold, which is considered a safe haven by investors, has increased due to rising uncertainties surrounding global markets and the depreciation of the Turkish lira.Gold led to a 6 percent gain per gram rising from TL 83 to TL 89 in the first eight months last year, whereas it has caused an 18 percent profit for its investors over the same period this year.The price per gram of gold, which started in 2014 at TL 83, hit the lowest level of TL 81.6 in December and peaked at TL 99.7 in March.