Gold demand in Turkey hits 7-quarter high: 26.1 tons

Gold demand in Turkey saw a significant rise in the first quarter of 2026. According to data published by the World Gold Council, demand for gold bars and coins increased by 29% compared to the same period last year, reaching 26.1 tons. This figure marks the highest level in the last seven quarters. The monetary equivalent of this demand increase was calculated at approximately $4.5 billion. A similar momentum was observed in the global gold market, with total gold demand hitting a new record in value terms, rising by 74%. Experts note that investors' search for safe havens against inflation and geopolitical risks is supporting gold demand. Central bank gold purchases, particularly in emerging economies, are also among the factors driving global demand higher. The increase in demand in Turkey is thought to be influenced by fluctuations in the local currency and a high inflation environment. As investors turn to physical gold to protect their savings, this has directly reflected in bar and coin sales. This is not investment advice.