Turkey's Gold Prices 300 Dollars Cheaper Than Global Markets

Turkey's gold prices per kilogram are approximately 300 dollars cheaper compared to global markets, primarily due to declining domestic demand and liquidity constraints. Industry representatives note that jewelry sales have dropped by more than half, while the negative carry trade benefits exports but introduces new uncertainty for exporters. Turkey's low gold reserves and rising global prices further depress local prices, potentially encouraging investors to buy. However, economic instability and currency fluctuations may increase market volatility.