BORSA ISTANBUL /13 - 17 MAY 2019
GOLD PRICE TRIED ITS 1300 DOLAR/ONS CHANCE ONCE AGAIN
Last week gold price moved in wide price band as 22 dollars but transaction volume was low relatively. Borsa Istanbul investors and traders pushed gold price up and day by day it gained ground. Towards weekend Gold hit 1297 usd/oz as the highest level. Despite gold’s sharp move to up, Silver moved in downward trend during the week. From the highest level as 15.03 usd/oz it rolled down till 14.70 usd/oz. Besides fluctuating price movements, modest transactions were realized. During whole week totally 3200 KG gold and 4766 KG Silver changed hands. 
When we check for the price margins, there is little discount we see. Buyers insist on dealing level as 1 usd/oz less against spot. Sure there were sellers at Borsa Istanbul with opposite orders. Some selling orders were even more than 1 usd/oz but market balance was side with discount. It seams that till the end of this month we mostly see discount prices. If margin gets widen, it is possible to make LBMA Good delivery gold bars exports. At Borsa Istanbul physical market you can also be active easily and benefit from price difference. Via www.goldtakas.com under free metal account, physical gold trading is possible. www.troypm.com.