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
TRY/oz t
TRY/oz t
TRY/oz t
TRY/oz t
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 on Gold 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.
Gold & Silver Price FAQ — Turkey
- What is the gold price per gram in Turkey today?
- The current gold price per gram in Turkey is shown in the gold table above in TRY, sourced from international XAU/USD spot rates converted to local currency.
- Which gold karat is most popular in Turkey?
- 14K and 18K gold are widely used in Turkey for jewellery. 22K is also common. The price is shown in the table above in TRY per oz t.
- How are gold karats calculated?
- Pure gold is 24K. Price per oz t of each karat = 24K price × (karat ÷ 24). So 18K gold = 75% pure gold.
- What is the silver price per gram in Turkey today?
- The current silver Fine 999 price per gram in Turkey is shown in the silver section above in TRY, updated daily from live XAG/USD spot rates.
- What is the difference between Fine 999 and Sterling 925 silver?
- Fine 999 silver is 99.9% pure and is the standard for investment bars and bullion. Sterling 925 is 92.5% silver alloyed with copper, widely used for jewelry and silverware.
- Does the gold price in Turkey include VAT?
- Yes. Turkey charges 20% VAT on gold jewellery — already factored into the price above.
- Can tourists get a VAT refund on gold in Turkey?
- Yes. Foreign visitors can reclaim Turkey's 20% VAT on purchases above a minimum threshold by completing a Tax-Free Shopping form at the time of purchase and getting it stamped by Turkish customs on departure.
- Why is gold so popular in Turkey?
- Turkish Lira has experienced significant devaluation and inflation over the past decade, making gold a primary wealth-preservation tool. Cultural traditions around gold gifting at weddings and birthdays also sustain strong organic demand independent of economic conditions.
- What is an Altın Hesabı (gold account) in Turkey?
- An Altın Hesabı is a gold savings account offered by Turkish banks where customers hold gold in grams rather than Turkish Lira. It allows buying and selling fractional gold without physical delivery, avoiding storage and making charges while retaining exposure to gold price movements.