Turkey · TRY · November 2021
Gold Price in Turkey — November 2021
In November 2021, the gold price in Turkey closed at approximately ₺23,719 per troy ounce, equivalent to ₺8,895 per tola or ₺763 per gram. This represents a -0.95% change on the month (₺23,947 open → ₺23,719 close).
Open
₺23,947
per troy ounce
Close
₺23,719
per troy ounce
High
₺24,589
per troy ounce
Low
₺23,182
per troy ounce
All unit prices at November 2021 close — Turkey
| Unit | Weight | Closing TRY price |
|---|---|---|
| Troy ounce | 31.1035 g | ₺23,719 |
| Gram | 1.0000 g | ₺763 |
| 10 grams | 10 g | ₺7,626 |
| Kilogram | 1,000 g | ₺762,590 |
| Tola | 11.664 g | ₺8,895 |
Karat-purity breakdown at November 2021 close
| Karat | Per gram | Per tola |
|---|---|---|
| 24K | ₺762 | ₺8,886 |
| 22KTURKEY STD | ₺699 | ₺8,148 |
| 21K | ₺667 | ₺7,783 |
| 18K | ₺572 | ₺6,671 |
| 14K | ₺446 | ₺5,203 |
| 10K | ₺318 | ₺3,709 |
Daily gold price in TRY — November 2021
November 2021 gold market: Inflation spike, then a hawkish reversal
VolatileA hot-inflation spike undone by a hawkish Fed pivot.
Gold spiked above $1,870 in early November after a four-decade-high US inflation print, only to reverse hard as the Fed turned more hawkish and accelerated its taper. The metal gave back most of its gains by month-end.
What drove gold in November 2021
- 40-year-high US CPI (Nov 10)
- initial inflation-hedge spike
- Fed accelerating the taper
- Powell renomination and hawkish shift
Key events in November 2021
- Nov 10US CPI hits a 40-year high; gold spikes above $1,870
- Nov 22Hawkish Fed signals knock gold back down
What happened next
Gold entered December range-bound as the Fed pivoted firmly toward 2022 rate hikes.
For gold buyers in Turkey
November captured 2021 in miniature: gold rallied on inflation, then surrendered the gains to a hawkish Fed.
The 2021 gold market: Consolidation below 2020 highs
Gold traded mostly sideways in 2021 between $1,680 and $1,950 as the Fed signaled coming tightening. Cryptocurrency mania peaked in November. Inflation began running above target. Year close: $1,829.
Key drivers in 2021
Crypto-boom drawing capital, Fed taper announcement, inflation rising, equity rally
2021 XAU/USD high
$1,945 (Jun)
2021 XAU/USD low
$1,676 (Mar)
Era context — The modern bull market (2019 to today)
Gold's second major bull market of the 21st century. Driven by COVID stimulus, Russia sanctions, central-bank accumulation at record levels, and the structural shift toward a multi-polar reserve system. New all-time highs reached repeatedly since 2020.
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 — November 2021, Turkey
₺23,947
$1,821.76/oz
₺23,537
$1,790.50/oz
₺23,182
$1,763.50/oz
₺23,611
$1,796.20/oz
₺23,686
$1,801.90/oz
₺24,010
$1,826.52/oz
₺23,956
$1,822.40/oz
₺24,020
$1,827.30/oz
₺24,442
$1,859.40/oz
₺24,422
$1,857.90/oz
₺24,458
$1,860.60/oz
₺24,589
$1,870.58/oz
₺24,449
$1,859.90/oz
₺24,440
$1,859.20/oz
₺24,515
$1,864.90/oz
₺24,454
$1,860.30/oz
₺24,465
$1,861.10/oz
₺24,308
$1,849.17/oz
₺23,873
$1,816.10/oz
₺23,519
$1,789.20/oz
₺23,426
$1,782.10/oz
₺23,506
$1,788.20/oz
₺23,672
$1,800.80/oz
₺23,655
$1,799.50/oz
₺23,477
$1,786.00/oz
₺23,719
$1,804.40/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 2021 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 November 2021 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 November 2021
What was the gold price in Turkey in November 2021?
In November 2021, gold in Turkey opened at ₺23,947/oz and closed at ₺23,719/oz — a move of -0.95% on the month. Per tola: ≈₺8,895; per gram: ≈₺763; per 10g: ≈₺7,626.
What was the 24K gold rate per tola in Turkey in November 2021?
The 24K gold rate per tola in Turkey at the November 2021 close was approximately ₺8,895, derived from international XAU/USD spot of $1,804.40/oz times the 2021-end TRY/USD exchange rate of 13.1452. 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 November 2021?
Turkey's most-quoted retail standard is 22K per gram. At the November 2021 close, that worked out to approximately ₺699 (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 November 2021 (sourced from gold-api.com), multiplied by the 2021-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 2021-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 2021 archive or the USD-only November 2021 page with the country-by-country list at the bottom.
Other markets? Compare November 2021 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 2021-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.