Turkey · TRY · Wednesday, October 18, 2023
Gold Price in Turkey — October 18, 2023
On October 18, 2023, the international gold spot price was $1,955.70 per troy ounce. Local TRY conversion for Turkey requires a verified same-day exchange rate, which isn't currently available for this date — try a nearby trading day using the navigation below.
TRY exchange-rate data is unavailable for this date. The international XAU/USD price is shown below; local-currency conversions for Turkeycan't be computed accurately for October 18, 2023 without a verified TRY/USD rate.
TRY / Troy Ounce
—
31.1035 g
TRY / Gram
—
1 g
TRY / Tola
—
11.664 g
All unit prices on October 18, 2023 — Turkey
| Unit | Weight | TRY price |
|---|---|---|
| Troy ounce | 31.1035 g | — |
| Gram | 1.0000 g | — |
| 10 grams | 10 g | — |
| Kilogram | 1,000 g | — |
| Tola | 11.664 g | — |
Price action on October 18, 2023
1-day move
vs prior session
7-day move
rolling week
30-day move
rolling month
YTD
since 1 Jan 2023
Calendar position
Day 291 of 365
Trading day
252nd of 311
Position in 2023's range
43% (low $1,811.00 → high $2,148.99)
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 (₺)
October 18 in other years — Turkey
October 18, 2023 gold price in other countries
How this October 18, 2023 Turkey price is calculated
International benchmark. The XAU/USD spot price for October 18, 2023 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 $1,955.70/oz.
Currency conversion. The TRY/USD exchange rate for the same date comes from exchangerate-api.com. We apply that day's exact rate (—) 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 October 18, 2023 would have been a few percent above this number once those costs are included.
FAQ — Turkey gold price on October 18, 2023
What was the gold price in Turkey on October 18, 2023?
Turkey historical archive for October 18, 2023 — exact prices may be unavailable if the date fell on a market holiday.
What was the 24K gold rate per tola in Turkey on October 18, 2023?
Tola-based 24K gold rate computation requires both the day's XAU/USD spot and TRY/USD FX, one of which is missing for this date.
What was the 22K gold rate in Turkey on October 18, 2023?
Retail karat rate for this date is unavailable.
How accurate is this number versus what jewellers were quoting?
The ₺ figure on this page is the verified international XAU/USD spot price for October 18, 2023 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 October 18, 2023 a trading day?
Yes — October 18, 2023 was the 252nd trading session of 311 for 2023 on the international gold market. Wednesdays 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 October 18, 2023 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 October 2023 in Turkey, see the full 2023 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.