New Peak in Gold Prices: Kilo Price Surges Past 6.7 Million Lira Mark

At the Borsa Istanbul Precious Metals and Stones Market (KMKTP), the kilogram price of standard gold reached 6.723 million lira, surpassing a significant threshold amid a rising trend in daily transactions. The market activity clearly highlighted the scale of demand and volume for the precious metal.

Price Action and Daily Performance

Standard gold, which started the day at the previous close of 6.630 million lira, finished the session at 6.723 million lira, recording a 1.4% increase. The volatility experienced throughout the session is summarized as follows:

■Daily low level: 6.625 million lira

■Daily high level: 6.732 million lira

■Closing price: 6.723 million lira

Volume Data and Key Players

Market depth was shaped by the volume of transactions and the participant profile. The total transaction volume solely for standard gold reached 4.382 billion 728 thousand 450.51 lira, while 655.71 kilograms of gold changed hands for physical delivery or price protection purposes. The total transaction volume across all metal markets was realized at 4.583 billion 207 thousand 774.56 lira.

The institutions with the highest transaction volume today were as follows:

■NMGlobal Kıymetli Madenler

■Kuveyt Türk Katılım Bankası

■Dünya Katılım Bankası

■Ahlatcı Döviz ve Kıymetli Madenler

■Türkiye Finans Katılım Bankası

This sharp rise in gold is not merely a commodity movement but underscores market players' persistent demand for inflation hedging instruments. In an environment where commercial credit costs are rising, the tendency of companies to secure their cash flows with assets like gold is creating pressure on banks' liquidity management. Despite the Central Bank's tight monetary policy stance, this persistent rise in gold suggests that SME financing costs and foreign exchange open risks will become even more complex in the coming period.