Gold Price Today in Turkey, Dubai & Global Markets

The price of gold in Turkey is obtained by multiplying the global ounce price in US dollars by the lira exchange rate and is usually slightly higher than the global rate. This is because gold production in Turkey is limited, and supply and demand, along with other financial regulations, affect its price.

Gold trading is mainly conducted in Istanbul’s Grand Bazaar and is widely traded in 14, 18, and 24 karats. Part of the buying and selling is also done online through bank gold accounts. In Turkey, for investment purposes, packaged 24-karat gram gold is usually traded.

The daily gold price in Turkey is extracted based on the average of free-market transactions and the rates announced by reputable banks in the country. In the table below, you can see the live gold prices in Turkey for different units, including the ounce, one-kilogram bullion with 995.0 purity, as well as the price per gram of gold in 14, 18, and 24 karats.

Due to its free economic zone and its key role in Middle Eastern trade, Dubai has become one of the world’s important gold centers. Gold prices in Dubai, UAE, are usually transparent, orderly, and determined based on the global price. This price is obtained by multiplying the dollar price of gold by the fixed rate of 3.67 (AED is pegged to USD) and usually has less difference compared to the global market due to the absence of taxes or heavy duties on gold imports. The gold rate in the UAE is usually quoted from the Dubai Gold Souk located in Deira. Gold in this market is typically offered in 18, 21, 22, and 24 karats, and for investment purposes, coins and bars of 1, 5, 10, 20, 50, 100 grams, and one kilogram in 24 karat are commonly used.

In the table below, you can view the live daily rates of each ounce, one-kilogram bullion with 995.0 purity, and the price per gram of gold in 14, 18, and 24 karats in the Dubai market.

Due to differences in gold purity, currency units, financial regulations, and levels of supply and demand, the price of gold varies in each country and market. For this reason, EZDEX has prepared in this section a comprehensive comparative table of common gold weight units and purities without considering percentage differences caused by duties, taxes, and other factors affecting gold prices, presented in Turkish lira, UAE dirham, euro, and US dollar.
By using these tables, you can compare the gold price bubble or the difference between the real global gold price and the price in the selected country, and make more appropriate and accurate decisions in exchanges, international transactions, and your investments.