04.11.2025 03:20
The decline trend in gold, which is a safe haven for investors as it has reversed its sharp rise, continues. In Borsa Istanbul, the price of standard gold per kilogram has decreased by 1.3% to 5 million 585 thousand lira, while notable forecasts for 2026 have come from foreign banks.
The kilogram price of standard gold in the Istanbul Stock Exchange Precious Metals and Precious Stones Market has decreased by 1.3% to 5 million 585 thousand lira. Predictions for 2026 have also come in succession from foreign banks.
THE DECREASE IN THE PRICE OF GOLD CONTINUES
The rise in gold, which is an indispensable investment tool for citizens, has given way to a decline as of last week. In the Istanbul Stock Exchange Precious Metals and Precious Stones Market (KMKTP), the kilogram price of standard gold fell to 5 million 585 thousand lira at the end of the first trading day of the week.
In the gold market, the kilogram price of standard gold, which saw a low of 5 million 382 thousand lira and a high of 5 million 625 thousand lira, ended the day at 5 million 585 thousand lira with a decrease of 1.3%. The kilogram price of standard gold had completed the previous trading day at 5 million 660 thousand lira.
The total trading volume in KMKTP for gold was 3 billion 233 million 827 thousand 538.14 lira, and the trading amount was 587.98 kilograms.
The total trading volume for all metals was realized as 4 billion 43 million 281 thousand 364.71 lira.
The institutions that conducted the most transactions in the gold exchange today were listed as NMGlobal Precious Metals, Yapı ve Kredi Bankası, Vakıf Katılım Bankası, Altınbaş Precious Metals, and INTL HRM Precious Metals.
GOLD PREDICTIONS FOR 2026 FROM FOREIGN BANKS
On the other hand, predictions for gold in 2026 have also come from foreign banks. The World Bank has maintained its average gold price forecast for 2026 at $3,575.
Citi announced its short-term (0-3 months) target as $3,840, while Goldman Sachs stated that its target for the first quarter of 2026 is $4,440. Goldman has raised its fourth-quarter 2026 forecast from $4,900 to $5,055.
Morgan Stanley's mid-year estimate is $4,500. At the end of the year, Wells Fargo announced that it expects a range of $4,500–$4,700. UOB set its 12-month target at $4,600, while
UBS predicted that gold will be $4,700 in March 2026. LBMA's 12-month forecast is $4,980. HSBC, Bank of America, and Societe Generale also see gold at the level of $5,000 by the end of 2026. JPMorgan forecasts the average for the fourth quarter of 2026 to be $5,055, while raising its long-term (three-year) forecast to $6,000.