Istanbul Gold Exchange

The exchange has 51 members, of which 24 are banks, 18 currency offices, 7 precious metal brokerage companies, one producer and marketing company and one foreign company.

The Istanbul Gold Exchange

Trading hours:	11.00 – 13.00 15.00 – 16.30
Purity:	995 – 999.9 fine
Bars:	1 g 10 g 50 g 100 g 500 g 1 kilo Standard bars of 350-430 ounces can be traded
Currencies:	Turkish lira (TL) per gram US$ per ounce Deutschmark (DM) per ounce
Minimum order:	5 kg (160.75 ounces), above this in 1 kg multiples.
Gold Futures, launched August 1997
Contract:	Issued for 3 kg (96.45 oz) of 995 fineness Price in US$/oz or TL/g basis. TL contracts issued for up to six months including current month: US$ contracts for up to 12 months. Last trading day is the fourth business day from end of delivery month

.		Volume (kg):
.		TL/g	US$/oz	DM/oz
Annual	1996	103	71	-
	1997	178	113	-
	1998	265	174	-
	1999	278	214	-
	2000	300	129	-
	2001	58	84	3
	2002	48	95	0
Monthly	2003/01	1	9	0
	2003/02	4	17	0
	2003/03	2	18	0
	2003/04	2	13	0
	2003/05	1	14	1
	2003/06	2	23	0
	2003/07	5	25	0

Istanbul Gold Exchange
Rihtim Caddesi No 231-233
80080 Karaköy
Istanbul
Turkey

Tel.    +90 212 292 66 00
Fax    +90 212 292 66 18
E-mail iab@iab.gov.tr
Web   www.iab.gov.tr