$2,000 per kilogram higher than the international gold price! Turkish gold is at a serious premium

Sina Financial News Since the beginning of this year, the international gold price has continued to rise. In Turkey, which is plagued by high inflation, gold is in high demand and even in short supply. According to analysts, Turkey’s domestic gold price is trading at an increasing premium to the international market, with a price of $2,000 to $3,000 per kilogram of gold. This huge disparity has also led to a surge in the amount of gold smuggled in Turkey. In the first quarter of this year alone, Turkish security forces seized 350 kilograms of smuggled gold at border crossings, 60 per cent more than in the whole of last year.

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