Gold prices are under close scrutiny on , both in Turkey, and globally. The gold market is experiencing volatility shaped by global economic inflation data and central bank interest rate decisions. This morning, attention is focused on gram gold prices approaching critical resistance levels, drawing the eyes of everyone from those preparing for weddings to large-scale investors.
Internationally, the price of an ounce of gold is battling around the $4,900 level, according to recent market data. Within Turkey, the price of gram gold is nearing the 7,000 Turkish Lira (TRY) mark, supported by the strength of the dollar/TRY exchange rate. As of local time, the price per gram of 24K gold in Turkey is 6,937.98 TRY, as reported by goldrate24.com.
Turkish Gold Prices: A Detailed Look
The Turkish gold market is particularly sensitive to fluctuations in both the global gold market and the value of the Turkish Lira. The latest data, updated as of on February 18, 2026, reveals a significant increase in gold prices. The price of an ounce of gold has risen by 4,609.73 TRY to reach 217,040.50 TRY (a 2.17% increase compared to Tuesday, February 17, 2026).
Here’s a breakdown of current gold prices in Turkey, as of the latest updates:
- 24K Gold (per gram): 6,977.85 TRY / $159.46 USD
- 23K Gold (per gram): 6,733.63 TRY / $153.88 USD
- 22K Gold (per gram): 6,391.71 TRY / $146.07 USD
- 21K Gold (per gram): 6,105.62 TRY / $139.55 USD
- 18K Gold (per gram): 5,234.10 TRY / $119.61 USD
- 14K Gold (per gram): 4,082.59 TRY / $93.30 USD
- Gold Ounce (24K): 217,040.50 TRY / $4,960.03 USD
- Gold Tola: 813,901.86 TRY / $18,600.11 USD
Global Gold Market Context
According to Trading Economics, gold reached $4,914.33 USD per troy ounce on , representing a 0.72% increase from the previous day. Over the past month, gold’s price has risen by 5.06%, and it is up 67.41% year-over-year. This global upward trend is clearly influencing prices within Turkey.
Turkey’s Unique Position
Recent reports highlight Türkiye’s standing within the OECD, noting its relatively low public debt and strategic approach to gold. While details are limited, this suggests the country may be leveraging gold reserves as part of its economic strategy. This strategy, combined with the fluctuating Lira, creates a unique dynamic in the Turkish gold market.
Factors Driving Price Increases
Several factors are contributing to the current rise in gold prices. Globally, concerns about inflation and geopolitical instability typically drive investors towards safe-haven assets like gold. Within Turkey, the weakening Lira against the dollar amplifies the price of gold, as it is often priced in USD. The interplay between these global and local factors is creating a particularly volatile environment for gold investors in Turkey.
Implications for Investors and Consumers
For Turkish consumers, particularly those considering purchases like wedding gold or investment gold, the rising prices present a challenge. The approaching 7,000 TRY per gram mark for 24K gold represents a significant cost. Investors, however, may view these price increases as an opportunity, anticipating further gains as global economic uncertainties persist. The current market conditions necessitate careful consideration and a thorough understanding of the risks involved before making any investment decisions.
The continued monitoring of global economic indicators, central bank policies, and the USD/TRY exchange rate will be crucial in predicting the future trajectory of gold prices in Turkey. The market’s sensitivity to these factors suggests continued volatility in the near term.
