Türkiye’s top gold-holding cities: Where did reserves increase the most?
Gold coins stacks with flag of Türkiye on the background. (Adobe Stock Photo)
Türkiye’s longstanding tradition of gold investment remains strong, with new data revealing which cities hold the most gold reserves.
According to figures from the Banking Regulation and Supervision Agency (BDDK) compiled by CNBC-e, Istanbul continues to lead in gold deposits, while Ankara recorded the highest annual increase in per capita gold holdings.
Istanbul tops the list in gold reserves
Data from the FinTurk database indicates that İstanbul holds the highest amount of gold deposits in Türkiye, with a total value of ₺452.57 billion ($12.57B) in 2024.
Based on population data from the Turkish Statistical Institute (TurkStat), per capita gold holdings in Istanbul reached 9.73 grams in 2024, up from 8.84 grams in 2023. This marks a 10.04% increase over the past year.
Ankara sees the largest increase in gold holdings
While Istanbul leads in total gold reserves, Ankara experienced the highest annual growth in per capita gold deposits.
In 2024, per capita gold holdings in the capital reached 9.21 grams, compared to 7.72 grams in 2023—an increase of 19.42%.
Other cities with significant gold reserves
The third city with the highest per capita gold holdings is Isparta, where residents hold an average of 6.83 grams of gold in 2024, reflecting a 7.83% increase from the previous year.
Meanwhile, Karabuk, ranking fourth, saw a significant 17.14% rise in gold reserves, reaching 6.69 grams per capita.
| City | Gold Amount (Grams/2024) | Gold Amount (Grams/2023) | Gold Amount (Change) |
| Istanbul | 9.73 | 8.84 | 10.04% |
| Ankara | 9.21 | 7.72 | 19.42% |
| Isparta | 6.83 | 6.33 | 7.83% |
| Karabuk | 6.69 | 5.71 | 17.14% |
| Mugla | 6.49 | 5.90 | 9.97% |
| Malatya | 6.30 | 6.30 | 0.06% |
| Rize | 6.28 | 5.86 | 7.19% |
| Eskisehir | 6.15 | 5.92 | 3.88% |
| Canakkale | 6.06 | 5.73 | 5.82% |
| Karaman | 6.01 | 5.43 | 10.69% |
| Izmir | 5.99 | 5.65 | 6.15% |
| Burdur | 5.74 | 5.43 | 5.78% |
| Cankiri | 5.72 | 5.39 | 6.13% |
| Balikesir | 5.62 | 5.24 | 7.29% |
| Kocaeli | 5.58 | 5.48 | 1.79% |
| Antalya | 5.56 | 5.06 | 9.84% |
| Trabzon | 5.45 | 4.96 | 9.88% |
| Bolu | 5.45 | 5.10 | 6.70% |
| Usak | 5.24 | 4.93 | 6.44% |
| Artvin | 5.10 | 4.78 | 6.81% |
| Denizli | 5.08 | 4.92 | 3.16% |
| Elazig | 5.00 | 4.53 | 10.30% |
| Kutahya | 4.95 | 4.74 | 4.49% |
| Kastamonu | 4.90 | 4.28 | 14.40% |
| Yalova | 4.87 | 4.81 | 1.32% |
| Erzincan | 4.85 | 4.35 | 11.44% |
| Zonguldak | 4.75 | 4.30 | 10.50% |
| Bursa | 4.62 | 4.50 | 2.83% |
Cities with the sharpest decline in gold holdings
On the other end of the spectrum, Sirnak recorded the most significant drop in per capita gold holdings.
In 2023, residents of Sirnak held 0.75 grams per capita, but this figure fell to 0.65 grams in 2024—a decline of 11.57%.
Similarly, Sanliurfa saw a decrease of 6.57%, making it the second city with the highest drop in per capita gold reserves.
These declines suggest that residents in these regions may have liquidated their gold holdings at higher rates than in other parts of the country.
