Gold

With its bright yellow color, gold is one of the precious mines that has attracted the attention of people since the first ages because it has the characteristics of being enchanting people, not being affected by abrasive external conditions due to its durability, being found free in nature and easy processing, and protecting its commercial value and identity in every period. Unlike other precious metals, this precious metal, which has many features of its own, has been used for thousands of years as a means of savings, ornaments, gifts and commercial exchange. The limitation in nature, the fact that its supply could not be increased suddenly in the rate of price increases and the fact that an alternative mineral could not be found yet reveals how precious gold is.

Our country has about 1.7% of world’s gold resources. Because gold production in our country does not meet the consumption, Türkiye is one of the world's most important importer of gold. In the gold mining sector, our average annual foreign trade deficit was $10.2 billion in the last 5 years (2021-2025), while this deficit is projected to reach $13 billion in 2025.

Gold production in our country first started officially in Izmir-Bergama in the Ovacik gold mine in 2001. The production of gold, which was 1.4 tons / year at the beginning, and the production of gold mines is 31.68 tons / year in 2024. 

While gold prices in the global market were around $270/ounce in the 2000s, the average for 2025 is projected to reach $3500/ounce. This demonstrates that gold mining maintains its significant position in the global economy.

Gold production in our country by years; (tons / year)

Date of Update: 18 May 2026