Gold has preserved its importance throughout the ages, first as a means of exchange and more recently as a commodity for investment and saving. Despite the recent proliferation and developments in the Turkish financial markets, gold retains its traditional role for the Turkish society.
Turkey is within the top five countries with the highest demand for gold in the world.
Since there is no domestic production of gold yet the demand is met through imports. The restructuring model for gold aimed converting the existing idle gold savings into an active resource for the Turkish economy and canalising them into investments. The opening of the spot gold market provided the gold sector a regulated and reliable market and the gold sector's acceptance of the spot gold market is shown in the trading volumes of the precious metals market gold market. By launching of the Istanbul Gold Exchange local gold prices have closed to world gold prices, imported gold bars have met the purity and the standard accepted worldwide, gold trading has been taken into record and the system have gained a transparent structure. Lastly new amendments about silver and platinum have been made on the Decree No. 32 concerning the Protection of the Value of Turkish Currency.