09.01.2026 13:30
Gold bullion distinguished itself positively from other financial investment instruments with its real return in 2025. According to TÜİK data, gold achieved the highest real return since the calculations began in 1997, breaking a record with 51.77% last year when adjusted for CPI.
Gold completed the year 2025 with strong returns for its investors. The uncertainty created by increasing geopolitical tensions throughout the year, the rising demand from individual investors and central banks, and the escalating trade tensions between China and the U.S. due to additional tariffs announced by U.S. President Donald Trump accelerated investors' shift towards precious metals.
As a result of these developments, the price of gold per ounce exceeded the $4,000 level for the first time in history, while towards the end of the year, it reached a record high of over $4,500. During the same period, the price of gold per gram also surpassed 6,000 lira.
THE GOLD INVESTOR SMILED
According to the real return data from the Turkish Statistical Institute (TÜİK), gold stood out significantly among the financial investment instruments examined with its earnings. When adjusted for the Consumer Price Index (CPI), gold provided a real return of 51.77%, and when adjusted for the Domestic Producer Price Index (D-PPI), it provided a real return of 55.6% throughout 2025.
DEPOSIT INTEREST RANKED SECOND
Among other investment instruments, the highest real return in 2025 was provided by deposit interest at 8.93%, while government domestic borrowing bonds, the BIST 100 index, euro, and dollar lagged behind gold.
THE HIGHEST RETURN IN 28 YEARS
The year 2025, in which gold provided a real return of 51.77% when adjusted for CPI, was recorded as the year that offered the highest real profit to gold investors since TÜİK began this calculation in 1997. In 1997, gold experienced its worst year, losing 24.8% for investors when adjusted for CPI, while in 2020, it was the second year with the highest return after 2025, with a return of 43.94%.