Turkey · TRY · May 2017
Gold Price in Turkey — May 2017
In May 2017, the gold price in Turkey closed at approximately ₺4,799 per troy ounce, equivalent to ₺1,800 per tola or ₺154 per gram. This represents a -0.02% change on the month (₺4,800 open → ₺4,799 close).
Open
₺4,800
per troy ounce
Close
₺4,799
per troy ounce
High
₺4,810
per troy ounce
Low
₺4,625
per troy ounce
All unit prices at May 2017 close — Turkey
| Unit | Weight | Closing TRY price |
|---|---|---|
| Troy ounce | 31.1035 g | ₺4,799 |
| Gram | 1.0000 g | ₺154 |
| 10 grams | 10 g | ₺1,543 |
| Kilogram | 1,000 g | ₺154,284 |
| Tola | 11.664 g | ₺1,800 |
Karat-purity breakdown at May 2017 close
| Karat | Per gram | Per tola |
|---|---|---|
| 24K | ₺154 | ₺1,798 |
| 22KTURKEY STD | ₺141 | ₺1,648 |
| 21K | ₺135 | ₺1,575 |
| 18K | ₺116 | ₺1,350 |
| 14K | ₺90 | ₺1,053 |
| 10K | ₺64 | ₺750 |
Daily gold price in TRY — May 2017
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 — May 2017, Turkey
₺4,800
$1,266.50/oz
₺4,758
$1,255.50/oz
₺4,739
$1,250.30/oz
₺4,656
$1,228.50/oz
₺4,654
$1,228.10/oz
₺4,687
$1,236.65/oz
₺4,661
$1,229.80/oz
₺4,625
$1,220.40/oz
₺4,635
$1,223.00/oz
₺4,636
$1,223.20/oz
₺4,667
$1,231.30/oz
₺4,690
$1,237.44/oz
₺4,674
$1,233.30/oz
₺4,677
$1,234.20/oz
₺4,765
$1,257.40/oz
₺4,760
$1,255.90/oz
₺4,745
$1,252.00/oz
₺4,785
$1,262.68/oz
₺4,771
$1,258.90/oz
₺4,776
$1,260.20/oz
₺4,747
$1,252.60/oz
₺4,764
$1,257.00/oz
₺4,795
$1,265.10/oz
₺4,810
$1,269.27/oz
₺4,795
$1,265.10/oz
₺4,786
$1,262.70/oz
₺4,799
$1,266.20/oz
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 2017 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 May 2017 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 May 2017
What was the gold price in Turkey in May 2017?
In May 2017, gold in Turkey opened at ₺4,800/oz and closed at ₺4,799/oz — a move of -0.02% on the month. Per tola: ≈₺1,800; per gram: ≈₺154; per 10g: ≈₺1,543.
What was the 24K gold rate per tola in Turkey in May 2017?
The 24K gold rate per tola in Turkey at the May 2017 close was approximately ₺1,800, derived from international XAU/USD spot of $1,266.20/oz times the 2017-end TRY/USD exchange rate of 3.7899. This is pure metal value; final retail rates include local taxes and dealer making charges.
What was the 22K gold rate per gram in Turkey in May 2017?
Turkey's most-quoted retail standard is 22K per gram. At the May 2017 close, that worked out to approximately ₺141 (22K pure-metal value). Add local taxes and making charges for the final retail rate.
How was the local currency price calculated?
TRY prices on this page are computed from the verified international XAU/USD spot price for May 2017 (sourced from gold-api.com), multiplied by the 2017-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 2017-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 2017 archive or the USD-only May 2017 page with the country-by-country list at the bottom.
Other markets? Compare May 2017 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 2017-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.