Turkey · TRY · Monday, March 12, 2018
Gold Price in Turkey — March 12, 2018
On March 12, 2018, gold in Turkey closed at approximately ₺5,065 per troy ounce — about ₺1,899 per tola or ₺163 per gram. The figure is computed from the verified international XAU/USD spot price ($1,319.20/oz) × the day's TRY/USD exchange rate.
TRY / Troy Ounce
₺5,065
31.1035 g
TRY / Gram
₺163
1 g
TRY / Tola
₺1,899
11.664 g
All unit prices on March 12, 2018 — Turkey
| Unit | Weight | TRY price |
|---|---|---|
| Troy ounce | 31.1035 g | ₺5,065 |
| Gram | 1.0000 g | ₺163 |
| 10 grams | 10 g | ₺1,628 |
| Kilogram | 1,000 g | ₺162,846 |
| Tola | 11.664 g | ₺1,899 |
Karat-purity breakdown — March 12, 2018
| Karat | Per gram | Per 10g | Per tola |
|---|---|---|---|
| 24K | ₺163 | ₺1,627 | ₺1,898 |
| 22KTURKEY STD | ₺149 | ₺1,492 | ₺1,740 |
| 21K | ₺142 | ₺1,425 | ₺1,662 |
| 18K | ₺122 | ₺1,221 | ₺1,425 |
| 14K | ₺95 | ₺953 | ₺1,111 |
| 10K | ₺68 | ₺679 | ₺792 |
Surrounding ±15 trading days — TRY
Price action on March 12, 2018
1-day move
vs prior session
7-day move
rolling week
30-day move
rolling month
YTD
since 1 Jan 2018
Calendar position
Day 71 of 365
Trading day
61st of 315
Position in 2018's range
79% (low $1,178.40 → high $1,355.95)
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 (₺)
March 12 in other years — Turkey
March 12, 2018 gold price in other countries
How this March 12, 2018 Turkey price is calculated
International benchmark. The XAU/USD spot price for March 12, 2018 comes from gold-api.com's historical archive — the London PM-fix benchmark, which is the reference used by central banks and bullion dealers globally. On this date, that price was $1,319.20/oz.
Currency conversion. The TRY/USD exchange rate for the same date comes from exchangerate-api.com. We apply that day's exact rate (3.8395) to the USD price — not a year-average or month-end approximation. This makes the ₺ figure on this page accurate to the trading session.
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). We never compound rounding errors by going through intermediate units.
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 “Turkey gold market” section above. The retail rate at a jeweller in Turkey on March 12, 2018 would have been a few percent above this number once those costs are included.
FAQ — Turkey gold price on March 12, 2018
What was the gold price in Turkey on March 12, 2018?
On March 12, 2018 (Monday), gold in Turkey traded at approximately ₺5,065 per troy ounce. That works out to about ₺163 per gram, ₺1,899 per tola, and ₺1,628 per 10 grams. The figure is derived from international XAU/USD spot of $1,319.20/oz × the day's TRY/USD exchange rate of 3.8395.
What was the 24K gold rate per tola in Turkey on March 12, 2018?
The 24K gold rate per tola in Turkey on March 12, 2018 was approximately ₺1,898 (99.9% pure metal value). This excludes local taxes, dealer making charges and any country-specific levies — those add on top to produce the final retail rate.
What was the 22K gold rate in Turkey on March 12, 2018?
Turkey's most-quoted retail standard is 22K per gram. On March 12, 2018, that pure-metal value was approximately ₺149. Add country-specific taxes and making charges (see the market-context section above) for the final retail rate.
How accurate is this number versus what jewellers were quoting?
The ₺ figure on this page is the verified international XAU/USD spot price for March 12, 2018 multiplied by the day's exchange rate. It represents the pure metal value at international parity — what a London-fix benchmark would have implied. Local jewellers add (1) import duties + sales tax / VAT, (2) dealer making charges (typically 3–12% of metal value), and (3) any premium for purity certification. Final retail rates in Turkey typically sit a few percent above this number.
Was March 12, 2018 a trading day?
Yes — March 12, 2018 was the 61st trading session of 315 for 2018 on the international gold market. Mondays are typically active trading days unless they fall on a major holiday.
Want today's rate in Turkey? See live gold prices in Turkey with minute-by-minute updates and full karat breakdowns. To compare this archive figure against the live rate, that's where to go.
Different unit on this same date? The USD-only daily archive for March 12, 2018 includes per-day prices in 100+ other currencies and is the canonical reference page for this date.
Browse the archive. Step through every day of March 2018 in Turkey, see the full 2018 archive, or use our tola, gram and karat calculators for live calculations against today's rate.
Disclaimer: Historical gold prices on this page reflect the international XAU/USD spot price for the requested date, converted to TRY at the same day's 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.