18.10.2025 11:14
After the record rise in gold prices, long queues formed in front of jewelers at the Grand Bazaar. The price of gold per gram reached 5,900 TL, while the price of a quarter gold coin exceeded 10,000 TL for the first time. Due to increased demand and disruptions in refinery production, many jewelers have run out of gold per gram.
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In the gold market, records are being broken one after another lately. Gram gold reached 5,900 TL, marking the highest level ever. Currently trading around 5,727 TL, gold is bringing smiles to investors while a "gold storm" is taking place in the markets.
QUARTER GOLD HAS EXCEEDED 10 THOUSAND TL
After testing 4,308 dollars, the ounce of gold has retreated to 4,251 dollars, while quarter gold has surpassed the 10 thousand TL threshold for the first time in the Grand Bazaar. As of the morning of October 18, it is being bought at 9,364 TL in the free market.
REASONS BEHIND THE RISING PRICES
According to experts, there are multiple factors behind the rise in gold prices. The increase in geopolitical risks, the rekindling of the US-China trade wars, and central banks making record levels of gold purchases have driven prices up. KCM Trade Chief Market Analyst Tim Waterer stated that it is "not far off" for gold to see the 4,500 dollar level.
"AMERICA IS OPENING THE WAY FOR GOLD KNOWINGLY"
Berk Dinçtürk, Portfolio Manager at Istanbul Portfolio Fund, claimed that the US is strategically supporting the rise in gold prices. Dinçtürk stated, "America is knowingly opening the way for gold. Because its rise is based on the pricing of gold in its own reserves. However, this may come to an end."
LONG QUEUES HAVE FORMED
The demand for gold has increased so much that many jewelers have run out of gram gold. The disruption in production following the operation at the Istanbul Gold Refinery has deepened the tightness in the market. Some jewelers are only selling bracelets and jewelry, while sales of quarter, half, and Republic gold have been halted. Long queues have formed in front of jewelers in the Grand Bazaar. A similar picture is also seen in countries like Australia, Japan, Vietnam, and Hong Kong.
CENTRAL BANKS HAVE ALSO TURNED TO GOLD
On a global level, central banks have continued to increase their gold reserves since the beginning of the year. The Central Bank of the Republic of Turkey (CBRT) ranks among the top 10 countries in the world with its 617-ton reserve. The value of the CBRT's gold stock has exceeded 84 billion dollars.
THE QUESTION "WILL THE RALLY CONTINUE?" HAS DIVIDED INVESTORS
The sharp rise in gold has divided experts. One group believes that prices will reach new records, while the other group argues that profit-taking may occur in the short term. According to experts, as long as geopolitical tensions and global economic uncertainties persist, gold will continue to maintain its status as a "safe haven."
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