Gold Kilogram Surges to 6.5 Million Lira, Triggering Market Ripples

The kilogram price of gold surged to 6.5 million lira, marking a historic inflection point in the metal segment of the BIST 100.

Gold Hits a Record Kilogram Level

■The day’s low was 6,402,900 TRY, while the high peaked at 6,527,000 TRY.

■Closed up 2.2% at 6,500,000 TRY.

■The previous session ended at 6,360,000 TRY.

Trading Volume and Market Participation

■Total turnover reached 9,290,073,294.80 TRY.

■Transaction quantity amounted to 1,434.79 kilograms of gold.

■Across all metals, total volume was 9,388,147,533.77 TRY.

Institutional Players’ Stance

■Most active institutions: Türkiye İş Bankası, Uğuras Precious Metals, World Participation Bank, Yapı and Credit Bank, NMGlobal Precious Metals.

Technical Perspective

■Fibonacci retracement indicates price is holding at the 61.8% level, suggesting strong support.

■In the Ichimoku cloud, price is above the Kijun‑sen and crossing above Senkou‑Span A, reinforcing bullish momentum.

■The 200‑day moving average sits below price; short‑term 50‑day MA has crossed above the 20‑day MA.

Markets view this robust kilogram‑level rise in gold as a dual reflection of local inflation expectations and global geopolitical risks. While Fibonacci and Ichimoku signals hint at a possible short‑term correction, the overarching trend remains bullish. Institutional buying is injecting liquidity, potentially establishing a new price floor; however, uncertainties around exchange rates and central bank policies could spark volatility. In this context, reassessing gold positions within a risk‑management framework is essential for portfolio diversification.