How the gold price in Turkey is determined
There is no separate "Turkey gold price" set locally — gold trades on a single global market, quoted in US dollars per troy ounce (XAU/USD). The TRY prices on this site are that international benchmark converted at the live USD/TRY exchange rate, then broken down per gram and per purity. Two forces therefore move the local price: the world gold price and the Turkish Lira exchange rate.