Performance of Turkey's Financial Markets; Gold Tops July 2026 Profitability Table

Gold Shines in Turkey's Free Market In the past week, gold once again consolidated its position as a "safe haven" for investors. According to free market data and published reports, the price of 24-karat gold per gram in the Istanbul Grand Bazaar (Kapalıçarşı) reached 6,267 Lira with a significant growth of 2.79% [2].

Other types of gold experienced similar growth; the price of the full coin (Republic) rose by 2.77% to 42,238 Lira, and half and quarter coins also met with high buyer demand. Experts believe that the decreased likelihood of interest rate hikes by the US Federal Reserve was one of the main factors strengthening global gold prices and, consequently, increasing prices in the Turkish domestic market [4].

Borsa Istanbul; Continued Growth in the 14,000 Channel The Borsa Istanbul General Index (BIST 100) went through a volatile week but ultimately managed to end its work with a positive return. This index, which fluctuated between levels of 14,031 and 14,511 units during the week, closed at 14,417.91 units with a weekly growth of 1.01% [1][3].

Although the stock market yielded less profit to shareholders compared to gold, the continued presence in the 14,000 channel indicates relative investor confidence in the capital market. This week, some industrial and banking groups were the market drivers and managed to keep the index in positive territory despite selling pressures in the middle of the week [2].

Currency Market Status; Slow Movement of Dollar and Euro In the currency market, fluctuations were more limited compared to gold and the stock market. The Turkish Lira experienced a slight depreciation against major global currencies. The US Dollar price reached 46.8040 Lira at the end of the week with a 0.38% increase [3].

Gold's performance was mirrored by the Euro, which ended the week at the level of 53.5700 Lira with a growth of 0.49% [1]. Currency market analysts believe that this limited growth indicates a kind of relative stability in monetary policies and the control of severe currency fluctuations at the beginning of summer 2026.

Performance of Investment Funds Investment funds also spent a successful week. On average, investment funds had a profitability of 1.81% and pension funds 0.75% [2]. Among these, "Hedge Funds" (Serbest Fon) recorded the best performance among all types of funds with a return of 2.39%, indicating active asset management in volatile market conditions [4].