09.10.2025 10:23
Gram gold reached a record high of 5,500 TL in the Grand Bazaar; intense demand has led to chaos in the physical market. Due to the buying-selling spread at jewelers reaching 500 TL, many shops have stopped selling gold. Experts have warned of high volatility similar to that of 1974, stating that if the rise in gold prices continues along with the increase in central bank purchases, prices could rise even further.
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After yesterday's sharp rise, the gram gold reached up to 5,500 TL in the Grand Bazaar, setting a new all-time record. The explosion in physical market demand has led to the buying-selling margin at jewelers reaching 500 TL for the first time in history; there is a significant crowd and supply shortage in the market.
JEWELERS HAVE STOPPED SALES
Gold and currency markets expert Mehmet Ali Yıldırımtürk stated that many jewelers have stopped selling gold following the rising prices. Yıldırımtürk emphasized that shopkeepers are struggling to replace the gold they sold at the same price, saying, "The buyer who leaves the shop starts to gain at the door." It was noted that the explosion in domestic demand has severely affected the domestic market, independent of global price movements.
A FIRST IN 51 YEARS
Yıldırımtürk commented, "I have not seen such a situation since 1974." The expert noted that the instantaneous and high volatility has made the market unpredictable, and it has become difficult to keep up with the demand.
INCREASE IN DEMAND AND GROWTH OF THE MARGIN
In addition to the global rise in gold prices, the explosion in local demand has caused a significant gap to form between the Grand Bazaar and official/spot figures. This gap raises the consumer's costs while also complicating liquidity and stock management for jewelers.
WARNING: "THE OUNCE COULD REACH 10 THOUSAND DOLLARS"
Yıldırımtürk expressed that if central banks continue to buy gold and the trend of commodity-based exchanges spreads, the ounce of gold could rise to much higher levels, even theoretically reaching 10 thousand dollars. The expert stated that we may enter a period where commodities, not money, gain value.
WARNING AND EXPECTATIONS FOR INVESTORS
Analysts indicate that high volatility will continue in the short term and that it is difficult for jewelers' margins to narrow as long as physical demand persists. Investors have been warned to avoid sudden buying and selling, prefer certified products, and adopt a long-term perspective.
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