Gold Price in Turkey (TRY)
₺5,669.74/gram (22K)
// Frequently asked
Why do Turkish households keep savings in gold rather than lira?
The Turkish lira has depreciated dramatically against the US Dollar since 2018 due to sustained inflation and monetary policy cycles. Because gold is priced globally in USD, holding gold in TRY form means your savings automatically adjust upward when the lira weakens — effectively protecting real purchasing power. Surveys consistently show gram gold is among the most-held household savings assets in Turkey, ahead of TRY bank deposits for wealth-preservation purposes.What is the most common form of gold investment in Turkey?
Gram gold (altın) held physically or via bank 'gold accounts' (altın hesabı) is the most common form. Turkish banks allow customers to buy and sell gold in gram increments, credited to an account without physical delivery. For physical holdings, the Cumhuriyet altını (Republic gold coin) and çeyrek altın (quarter coin, approximately 1.75g of 22K) are the most traded bullion coins.What is a Cumhuriyet altını?
The Cumhuriyet altını (Republic gold coin) is Turkey's standard bullion coin, minted by the Turkish State Mint (Darphane). The full coin weighs approximately 7.216 grams of 22K gold (91.67% pure, ~6.615g fine gold). Fractional denominations include the çeyrek (quarter, ~1.75g), yarım (half, ~3.5g), and tam (full). These coins trade at a small premium over the gram spot price and are the benchmark for OTC gold trading in Turkey.What karats are most common in Turkish jewellery?
22-karat gold (916 hallmark, 91.67% pure) is the traditional standard for bilezik bracelets and jewellery in the Grand Bazaar and across Turkey. 24K (has altın) is used for investment bars and coins. 18K is also available, particularly in modern jewellery designs. 14K is common in fashion jewellery but not a mainstream investment standard.What is the Grand Bazaar's role in Turkish gold trading?
Istanbul's Kapalıçarşı (Grand Bazaar) — founded in 1461 — houses hundreds of gold dealers and is the historic centre of Turkish gold trading. The Kuyumcular Çarşısı (Jewellers' Bazaar) section sets de-facto daily reference prices that smaller dealers across Turkey follow. Prices track the international TRY/gram spot closely, with a making charge added for jewellery pieces.How is the TRY gold price calculated from the international spot?
The global USD/troy-oz spot is multiplied by the current USD/TRY exchange rate, then divided by 31.1035 to give TRY per gram. Because TRY is a floating currency with high volatility, the TRY gold price can move significantly even when the USD gold price is flat — a weaker lira directly inflates the TRY price, which is precisely why gold functions as a lira-depreciation hedge.What is a 'gold account' (altın hesabı) at a Turkish bank?
Altın hesabı is a bank account denominated in grams of gold rather than lira. Deposits and withdrawals are settled at the prevailing gram-gold price; interest (if any) is also paid in gold grams. They offer liquidity without the need to physically store gold, and gains are subject to Turkish income tax rules on precious metals. Major Turkish banks including Ziraat, Halkbank, and İş Bankası offer this product.Can I get the live Turkey gold price via API?
Yes. Send a GET request to https://api.goldprice.dev/v1/prices?symbol=XAU-TRY-SPOT — the free tier includes 1,000 calls/month. The MCP tool get_spot_price also works directly in Claude Desktop and Cursor. The returned price reflects the live USD spot converted at the current floating USD/TRY exchange rate.