A LOT OF GOLD SELLERS BENEFITED FROM HIGH PREMIUMS AT BORSA
MAY 09 – MAY 16 / 2022 https://www.goldtakas.com/en 

Last week, Fed's tightening steps stood out as a development that negatively affected precious metals. Despite this, transaction volumes were high at Borsa Istanbul.
There was too much demand and buyers had to accept high premiums comes up to 20 usd/oz.

In the frame of price, gold had a declining chart at Borsa Istanbul. At the beginning of the week gold was close to 1900 usd/oz. However yellow metal couldn’t hold on this level and completed the week with 1832 usd/oz level. This means that gold lost 4,04% of its value. Compared to last week, trading volume was quite good with 8,6 MT at Borsa Istanbul. After Borsa session closed, yellow metal rolled down until 1811 usd/oz level at international markets.

Silver’s move was parallel with gold. Silver recorded its highest level at 21,78 usd/oz level at Borsa Istanbul. The closing was 20,70 usd/oz level. Totally 24,1 MT silver changed hands at Borsa Istanbul.

Monday morning session started with 20 usd/oz premium at Borsa Istanbul. High premiums have been continuing for the past 2 weeks. LBMA good delivery bars are being trading at Borsa Istanbul. You can catch this market advantage. Direct access to Borsa Istanbul via Goldtakas is very easy. You can call us for more information +90 212 465 65 70.