Gold Contracts at Borsa İstanbul VIOP are now 1 gram

Friday, 13 June 2014

Gold investment in Turkey is predominantly realized by retail investors of varying sizes. In order to allow retail investors to invest in gold contracts with less collateral, Borsa İstanbul VIOP modifies the current contract size of 100g of TRY/GR gold future contracts to 1g. Turkey is a leading country in terms of the number of retail gold investors. As a result of this change, investors will be able to invest in gold with a collateral under 10 Turkish Liras while the price of gold will be discovered more accurately in a market that is alternative to the spot market.