Turkey · TRY · March 2003

Gold Price in Turkey — March 2003

Turkey gold price archive for March 2003 — historical TRY reference rates per tola, gram and ounce.

-1.66% on the month

The Turkey gold market

Turkey is one of the world's largest retail gold markets relative to GDP, driven by historical use of gold as an inflation hedge against persistent lira depreciation. Prices are quoted per gram in 22K (Cumhuriyet and Reşat coin standards) and 24K (gram bars). The Borsa İstanbul Gold Exchange runs the official daily fix.

Standard quote unit

gram

Common purity

22K

Currency

TRY (₺)

Daily gold price — March 2003, Turkey

01Mar 1, 2003

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$340.55/oz

02Mar 2, 2003

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$350.10/oz

03Mar 3, 2003

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$345.50/oz

04Mar 4, 2003

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$353.40/oz

05Mar 5, 2003

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$354.00/oz

06Mar 6, 2003

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$354.70/oz

07Mar 7, 2003

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$350.80/oz

09Mar 9, 2003

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$355.00/oz

10Mar 10, 2003

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$354.50/oz

11Mar 11, 2003

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$348.70/oz

12Mar 12, 2003

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$346.10/oz

13Mar 13, 2003

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$334.50/oz

14Mar 14, 2003

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$335.20/oz

16Mar 16, 2003

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$345.00/oz

17Mar 17, 2003

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$340.80/oz

18Mar 18, 2003

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$338.80/oz

19Mar 19, 2003

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$335.80/oz

20Mar 20, 2003

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$335.80/oz

21Mar 21, 2003

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$333.50/oz

23Mar 23, 2003

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$330.50/oz

24Mar 24, 2003

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$329.50/oz

25Mar 25, 2003

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$331.90/oz

26Mar 26, 2003

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$330.00/oz

27Mar 27, 2003

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$332.80/oz

28Mar 28, 2003

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$330.80/oz

30Mar 30, 2003

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$337.10/oz

31Mar 31, 2003

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$334.90/oz

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How Turkey gold prices are calculated on this page

Source. The international XAU/USD spot price comes from gold-api.com's historical archive (London PM-fix benchmark). The TRY/USD exchange rate comes from exchangerate-api.com's 2003 year-end snapshot.

Conversion. Every TRY figure on this page is computed as XAU/USD price × TRY/USD rate. We use the year-end exchange rate consistently across all March 2003 prices on this page.

Per-unit math. Per-gram = per-ounce ÷ 31.1035. Per-tola = per-gram × 11.664. Per-10g = per-gram × 10. Per-kilo = per-gram × 1000. Karat values multiply per-gram by the purity ratio (24K = 0.999, 22K = 0.916, 21K = 0.875, 18K = 0.750, 14K = 0.585, 10K = 0.417).

What this page does NOT include. Local sales tax / VAT, customs duty on imports, dealer making charges, jewellery design premiums, or coin numismatic premiums. To go from this pure-metal value to a final retail rate in Turkey, add the country-specific levies described in the “Turkeygold market” section above.

FAQ — Turkey gold price in March 2003

What was the gold price in Turkey in March 2003?

Historical TRY gold price archive for Turkey in March 2003.

What was the 24K gold rate per tola in Turkey in March 2003?

Tola-based gold rate for Turkey in March 2003 requires both XAU/USD and TRY/USD data which is unavailable for this period.

What was the 22K gold rate per gram in Turkey in March 2003?

Retail rate calculation requires international XAU/USD spot and TRY/USD FX, both of which are missing for this period.

How was the local currency price calculated?

TRY prices on this page are computed from the verified international XAU/USD spot price for March 2003 (sourced from gold-api.com), multiplied by the 2003-end TRY/USD exchange rate from exchangerate-api.com. We use year-end rates as a single reference point for the entire month — for most stable currencies the within-year FX drift is small, but during currency crises (PKR 2022–23, TRY 2022, ARS 2024 etc.) the actual mid-month rate may differ.

Why does the retail price in shops differ from this number?

The ₺ figures here represent the international gold spot price converted to TRY at the 2003-end exchange rate. Turkey's retail jewellers add (1) import duties and sales tax (varies by SKU and karat), (2) dealer making charges (typically 3–12% of metal value), and (3) a small premium for purity certification on bars. Always verify the exact day's retail rate with a reputable local dealer before transacting.

Want today's rate in Turkey? See live gold prices in Turkey with minute-by-minute updates and per-karat breakdowns.

Different month or year? Use the prev / next buttons above, or jump to the full 2003 archive or the USD-only March 2003 page with the country-by-country list at the bottom.

Other markets? Compare March 2003 prices across other major gold-trading countries: Pakistan, India, United Arab Emirates, Saudi Arabia, United States.

Disclaimer: Historical gold prices on this page reflect the international XAU/USD spot price for the requested period, converted to TRY at the 2003-end exchange rate. They are intended for informational and educational use only and do not constitute investment advice or a price quote for buying or selling physical gold today. Always verify current local rates with a reputable bullion dealer in Turkey before transacting.