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Türkiye’s gold imports through Türkiye's stock exchange, Borsa Istanbul, fell to 4.34 tons (139,645 oz) in July 2025, falling by 53.5% from 9.33 tons (299,975 oz) in June and the weakest monthly inflow since April 2023, when imports had stood at 2.88 tons (92,600 oz).
From January to July 2025, imports reached 72.09 tons (2.32 million oz), nearly flat compared with the 72.24 tons (2.32 million oz) brought in during the same period of 2024, Borsa Istanbul reported.
However, the average monthly import level declined by 2% to 10.29 tons in 2025 (through July), compared with 10.47 tons in 2024.
While imports for the first seven months of 2025 were broadly stable compared with the previous year, they remain far below the levels observed in earlier periods.
Annual imports totaled 125.69 tons (4.04 million oz) in 2024, a sharp reduction from 318.98 tons (10.26 million oz) in 2023.
Borsa Istanbul data show that in 2025, standard bullion imports accounted for 97% of the total, slightly below the 99% share recorded in 2024.
Local gold production by mining companies also declined in the same period, with output between January and July 2025 amounting to 14.08 tons (452,838 oz), compared with 18.67 tons (600,100 oz) a year earlier.
The report also noted that Türkiye’s full-year gold production was 31.10 tons (999,919 oz) in 2024, down from 36.14 tons (1.16 million oz) in 2023, extending the downward trend in domestic mining activity.
In addition, the Turkish Mint’s issuance of gold coins and bars averaged 3.82 tons (122,944 oz) per month in 2025 to date, almost half the 6.72 tons (215,892 oz) monthly average in 2024.
The figures show that the average monthly trading volume in gold stood at 22.94 tons (737,764 oz) by July 2025, marking a 7% decline from 24.80 tons (797,348 oz) a year earlier.
Silver transactions, on the other hand, averaged 67.44 tons (2.17 million oz), a 4% increase compared with 65.07 tons (2.09 million oz) in the same period of 2024.
The number of gold transactions edged up to 1,091 in the first seven months of 2025, from 1,022 in 2024. Silver transactions recorded a sharper rise, climbing 38% year-on-year to 743, compared with 539 in the previous year.
In terms of value, gold trading averaged ₺86.83 billion ($2.13 billion) per month in 2025, up 37% from ₺63.24 billion ($1.55 billion) a year earlier.
Silver also registered a strong increase, with monthly turnover averaging ₺2.83 billion ($69.3 million), compared with ₺1.92 billion ($47.1 million) in 2024, a 47% rise.
In contrast with the contraction in gold, silver imports rose markedly. Türkiye imported 48.66 tons (1.56 million oz) of silver in July 2025, up from 8.34 tons (268,000 oz) in June.
For the January–July period, silver inflows reached 302.15 tons (9.71 million oz), compared with 193.01 tons (6.21 million oz) in the same period of 2024.
The report also indicated that the average silver price was $33.5 per ounce in 2025 year-to-date, compared with $28.3 per ounce in 2024, while the average gold price rose from $2,405 per ounce in 2024 to $3,133 per ounce in 2025.
Gold prices have risen 47% against the Turkish lira since the beginning of the year, while globally they climbed 27% over the same period, reaching record highs.
Silver has also strengthened on the back of rising demand, gaining 31%.
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