Gold Rush

Turkey is a high processing on gold (rafination ), with the capacity to purchase and manufacture. For this reason, the Stock Exchange Istanbul created for this purpose is officially in the market position where gold is traded. It also has a serious trading volume on the footed stock market and has a very serious power in the pricing of the market.

Although our country is in a serious position in the region of gold, it is not in a position to be sufficient for gold mining. For this reason, there is a very serious import and it is one of the most important items that cause the current deficit.

Golds from official roads come to our country with different processes and channels. The first of all is that the LBMA refinery gold, which is made with refinery 995/1000 or 999.9 /1000 purity with the permits received by the members of the Stock Exchange Istanbul, is traded in the Stock Exchange after import.

Another Method is that the producers bring standard or non-standard gold as an export price.

Companies with a manufacturer and capacity report can also bring standard or non-standard gold to process and sell abroad again within the framework of their capacity reports. Apart from these, there is no official way.

Here, we would like to analyze the last five years of the stock exchange companies, especially banks, in the Stock Exchange Istanbul.

The price of ounce, which was 1284 $ at the beginning of 2019, reached 1925 $ today. The increase in the price of ounce means that many more tattoos go out for importing countries like us.

The annual change of ounce in the last five years is seen in the table. The highest number of changes occurred in 2019 and 2020. There has not been much change in the past three years. For example, at the end of 2021, ounce was 1.932 $, while today this price is 1.925 $ . For almost two years, the price of ounce has been at the same level.

The change in the transaction volumes in the Stock Exchange for the last five years is as follows.

As can be seen from the table, the largest transaction volume occurred in 2020. The year of the pandemic continued in 2021, due to the negative impact of trade all over the world, we also had a serious decline. The first nine months of data were received for 2023. Dose According to monthly data, 2022 performance will be captured again. However, before the pandemic, it seems difficult to reach the figure over $ 25 billion. Meanwhile, it is applied to reduce imports...

When we look at the transaction amounts of the last five years, the table is as follows:

The highest transaction number took place in 2022. The expectation of the end of 2023 will be at the same level. In general, transactions are increasing with a certain upward momentum.

The most striking point in the table is that the amount of gold processed has reached a serious level compared to 2019. We said that the data given for 2023 covers the 9-month process. It seems to exceed 2020 at the end of the year. This can be recorded as the year we import the most gold.