Gram gold, quarter, half, full gold and classic coin gold prices — live from the Grand Bazaar free market.
In Turkey, gold investment has been widespread for hundreds of years as a means of saving and hedging against inflation. This page updates live Grand Bazaar free-market prices for gold types, led by gram gold, including quarter, half and full gold and Cumhuriyet/Ata/Reşat coins.
All gold prices fundamentally depend on two variables: the international ounce gold (XAU/USD) price and the USD/TRY parity. Coin gold additionally carries a jeweler's premium (labor + brand); this premium varies with demand intensity.
Gold investment can be done through many different instruments: gram gold (bullion), coins (quarter/half/full/Cumhuriyet/Ata/Reşat), jewelry (bracelet/necklace) and funds (BIST gold ETF). Liquidity, premium and storage cost differ across them.
Pure 24-carat gram gold = (ounce gold USD × USD/TRY) ÷ 31.1035. For 22-carat gram apply ×0.916, and for 18-carat ×0.750.
For coins such as quarter, half and full gold, the jeweler's premium is 3-10% above the gram equivalent. The premium rises in high-demand periods (holidays, weddings).
"Old-dated" coins (e.g. old quarter) belong to earlier years of mint production and usually carry a slightly higher premium than new-dated ones.