Gold & Silver Price Today in Turkey
Live prices per oz t in TRY
Live gold and silver prices in Turkey in TRY. Gold karats 24/22/21/18/14K and silver purities 999/925/900 — updated daily.
🥇 Gold Price — Turkey
| Karat | Per oz t (TRY) |
|---|---|
| 24K | |
| 22K | |
| 21K | |
| 18K | |
| 14K |
TRY/oz t
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21K Gold — 7-Day Chart (TRY/oz t)
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Silver Price Today in Turkey
Fine 999, Sterling 925 and Coin 900 silver prices in TRY per oz t, ounce and kilo. Updated daily from live XAG/USD rates.
| Purity | Per oz t (TRY) |
|---|---|
Fine 999 Silver — 7-Day Chart (TRY/oz t)
Gold in Turkey
Turkey is one of the world's top gold consumers, with a gold culture spanning Ottoman heritage, modern jewelry manufacturing, and sophisticated investment markets. Istanbul's Grand Bazaar (Kapalıçarşı) is one of the oldest and largest gold markets in the world. Prices are quoted in Turkish Lira (TRY), a currency that has experienced significant volatility, making gold an increasingly critical store of value for Turkish households.
Local Market Context
Istanbul's Grand Bazaar and Kapalıçarşı jewelry district house thousands of goldsmiths and dealers, setting price benchmarks for the country. Turkey is also a major gold jewelry exporter — Turkish craftsmanship is renowned worldwide. The Istanbul Gold Exchange (now part of Borsa Istanbul) trades physical gold and gold-backed instruments. Izmir, Ankara, and Gaziantep have their own active gold markets.
Taxes & Duties in Turkey
Turkey applies a 20% VAT on gold jewelry — one of the highest in Europe and the Middle East. There is no import duty on gold. The 20% VAT is a major driver of retail prices being significantly above international spot. Turkey offers a VAT-exemption program for tourist purchases with a minimum spend, allowing foreign visitors to reclaim the VAT at the airport.
Buying Tips for Turkey
Foreign tourists can reclaim the 20% VAT on gold jewelry purchases over a minimum threshold by getting a Tax-Free Shopping form stamped at customs. Buy from Grand Bazaar dealers with visible invoices and karat stamps — Turkish law requires gold to be hallmarked. Negotiate making charges; they vary widely. For investment, 24K bars from Turkish Mint (Darphane) carry strong credibility.
Gold as an Investment in Turkey
Turkish gold demand has surged as households seek protection from TRY volatility and inflation. Gold ETFs and gold accounts (Altın Hesabı) at Turkish banks are popular alternatives to physical ownership. The Istanbul Gold Exchange provides a regulated marketplace. Turkish residents can also buy gold certificates through Borsa Istanbul's Precious Metals market for lower transaction costs than physical bullion.