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flag Turkish gold and silver prices hit records in Jan 2026 due to lira decline and global tensions, spurring inflation and industry disruption.

flag Gold and silver prices in Türkiye hit record highs in early January 2026, with gold at 7,049 liras per gram and silver at 138 liras per gram, driven by global geopolitical tensions and a weakening Turkish lira. flag Since January 2025, the lira has dropped 21.4% against the dollar, with further declines projected. flag Gold rose 18% and silver nearly 39% in early 2026, fueling inflation and disrupting the jewelry industry, where production fell by about 60% as workshops halted operations. flag Rising costs and shifting investor behavior, including increased sales of silver, have upended traditional trade patterns in Istanbul’s Grand Bazaar. flag Experts link the surge to global demand for gold as a safe-haven asset amid reduced U.S. dollar reliance.

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