While there was a remarkable movement in the Central Bank’s gold reserves in the last week of August, the CBRT’s net gold amount increased by 13.3 tons to 515.6 tons. According to experts, this increase in reserves is due to the return of gold swap transactions carried out in March. While the increase in the Central Bank’s gold stock coincided with a period when gold prices in the global markets became active again, the sharp fluctuations in ounce gold and the rise in dollar/TL since the beginning of the year also caused a wide price range for gram gold. Finance Analyst İslam Memiş drew attention to the range of 7 thousand-7 thousand 500 lira in gram gold in the short term.
HARD WAVE IN THE LAST 6 MONTHS
The course of gold in the last 6 months has created a very striking picture. When the course of gram gold in the last six months was examined, a downward trend from March to July and a strong recovery in August stood out. According to market data, the monthly average price of gram gold was approximately 6 thousand 901 lira in March 2026. Gram gold, which rose to 7 thousand 482 liras in March, dropped to 6 thousand 241 liras in the same month. Thus, the investor was faced with a price difference of over a thousand liras in just one month. While the average price decreased to 6 thousand 806 liras in April, the movement in gram gold during the month was between 6 thousand 586 liras and 7 thousand 7 liras. In May, the average price decreased to approximately 6 thousand 715 liras, and the range of 6 thousand 564-6 thousand 885 liras was observed.
DECREASED TO 6 THOUSAND LIRAS IN JUNE
The main retreat in gold became evident in June. While the monthly average of gram gold decreased to 6 thousand 299 liras, the price was between 5 thousand 964 liras and 6 thousand 629 liras during the month. Thus, gram gold was withdrawn to the 6 thousand lira limit again. The weak outlook continued in July.
THE DIRECTION CHANGED IN AUGUST
The average price of gram gold in August increased to 6 thousand 767 liras, thus the increase rate reached 10 percent compared to the July average. As of this morning, the sales price of gram gold was in the range of 6 thousand 950-6 thousand 970 lira, while ounce gold was traded at approximately 4 thousand 470 dollars.
7 THOUSAND 500 WARNINGS FROM MEMİŞ
“LABOR DIFFERENCE HAS DECREASED”
“I follow the band between 7 thousand and 7 thousand 500 liras per gram of gold in the short term,” said Memiş, adding, “There is a possibility that levels above 5 thousand dollars per ounce of gold may come to the fore towards the end of the year. On the physical gold side, we see that the labor differences have decreased significantly. Especially for those making wedding preparations or those who have gold debt, the low labor levels in the physical market can be closely monitored.”
“MOBILITY WILL CONTINUE
Institutional Economics Expert Gülsev Duran underlined that two basic variables stand out in the price of gram gold in Türkiye. “While the ounce price in international markets is the primary determinant, the dollar/TL exchange rate directly affects the gram price. “For this reason, it is possible that a retreat in ounce gold is balanced with the rise in the exchange rate, or if the exchange rate increases as the ounce rises, the movement in gram gold will be stronger,” he said.
