Turkey · TRY · Sunday, December 31, 2023
Gold Price in Turkey — December 31, 2023
On December 31, 2023, gold in Turkey closed at approximately ₺61,388 per troy ounce — about ₺23,021 per tola or ₺1,974 per gram. The figure is computed from the verified international XAU/USD spot price ($2,078.40/oz) × the day's TRY/USD exchange rate.
TRY / Troy Ounce
₺61,388
31.1035 g
TRY / Gram
₺1,974
1 g
TRY / Tola
₺23,021
11.664 g
All unit prices on December 31, 2023 — Turkey
| Unit | Weight | TRY price |
|---|---|---|
| Troy ounce | 31.1035 g | ₺61,388 |
| Gram | 1.0000 g | ₺1,974 |
| 10 grams | 10 g | ₺19,737 |
| Kilogram | 1,000 g | ₺1,973,663 |
| Tola | 11.664 g | ₺23,021 |
Karat-purity breakdown — December 31, 2023
| Karat | Per gram | Per 10g | Per tola |
|---|---|---|---|
| 24K | ₺1,972 | ₺19,717 | ₺22,998 |
| 22KTURKEY STD | ₺1,808 | ₺18,079 | ₺21,087 |
| 21K | ₺1,727 | ₺17,270 | ₺20,143 |
| 18K | ₺1,480 | ₺14,802 | ₺17,266 |
| 14K | ₺1,155 | ₺11,546 | ₺13,467 |
| 10K | ₺823 | ₺8,230 | ₺9,600 |
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 (₺)
December 31 in other years — Turkey
December 31, 2023 gold price in other countries
How this December 31, 2023 Turkey price is calculated
International benchmark. The XAU/USD spot price for December 31, 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 $2,078.40/oz.
Currency conversion. The TRY/USD exchange rate for the same date comes from exchangerate-api.com. We apply that day's exact rate (29.5361) 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 December 31, 2023 would have been a few percent above this number once those costs are included.
FAQ — Turkey gold price on December 31, 2023
What was the gold price in Turkey on December 31, 2023?
On December 31, 2023 (Sunday), gold in Turkey traded at approximately ₺61,388 per troy ounce. That works out to about ₺1,974 per gram, ₺23,021 per tola, and ₺19,737 per 10 grams. The figure is derived from international XAU/USD spot of $2,078.40/oz × the day's TRY/USD exchange rate of 29.5361.
What was the 24K gold rate per tola in Turkey on December 31, 2023?
The 24K gold rate per tola in Turkey on December 31, 2023 was approximately ₺22,998 (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 December 31, 2023?
Turkey's most-quoted retail standard is 22K per gram. On December 31, 2023, that pure-metal value was approximately ₺1,808. 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 December 31, 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 December 31, 2023 a trading day?
December 31, 2023 fell on a Sunday; the international gold market may have been closed (weekend or holiday). The price shown on this page reflects the most recent close carried forward.
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 December 31, 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 December 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.