Gold, Silver And Platinum

Exclusive Gold, Silver and Platinum Prices at İktisatbank

Precious metals, a store of value trusted by people for thousands of years, remain one of the most established ways to protect and grow your savings. With İktisatbank, you can follow live per-gram prices for precious metals such as gold, silver and platinum, trade at North Cyprus’s most competitive prices through Internet Banking and Mobile Banking, and diversify your savings with confidence.

The purity levels of precious metals purchased from our Bank are 995/1000 for gold, 999.5/1000 for platinum and 1000/1000 for silver.

The minimum amount for Precious Metals Trading and Transfer transactions is 0.01 units.
0.01 XAU = 0.01 GR
1 XAU = 1 GR

Why Are Precious Metals a Strong Investment?

Precious metals are among the rare assets that have been traded since the earliest periods of history and can change hands in both physical and non-physical form. Gold, which has a limited supply, serves as a store and measure of value similar to currencies, and this quality has earned investors’ trust for centuries.

• An asset with a long history: Precious metals have been part of trade since the earliest periods of human history and remain among the rare assets that preserve their value today.
• Safe-haven effect: During periods of economic uncertainty, crisis or war, lower risk appetite directs investors towards precious metals, which supports their tendency to appreciate in such periods.
• Natural protection against inflation: Unlike currencies, gold has a limited supply and tends to preserve its purchasing power over time.
• Portfolio diversification: Allocating part of your savings to precious metals helps spread your risk across different asset classes. This can support your portfolio when products such as shares, bonds or treasury bills decline.
• Tangible and portable assets: Unlike an account balance, gold, silver and platinum are physical stores of value that can be held and owned gram by gram.
• Cultural value: Through traditions such as gold-saving gatherings, wedding jewellery and birth gifts, precious metals are more than an investment; they are a form of value passed from one generation to the next.

A Dual Return Opportunity with İktisatbank Gold and Silver Time Deposit Accounts

For customers who wish to invest their savings in gold and silver over a longer term, İktisatbank Gold and Silver Time Deposit Accounts combine the security of keeping savings at the Bank with the benefit of additional interest returns. Unlike physical gold kept at home, precious metals in your time deposit account are protected by İktisatbank against theft, loss and counterfeiting risks while continuing to appreciate over time.

Steps to Open a Precious Metal Account

Existing customers can open a precious metals account without visiting a branch through Internet Banking or Mobile Banking (Investment → New Precious Metals Account).

If you are not an İktisatbank customer, you can open a gold, silver or platinum account by visiting your nearest İktisatbank branch. You can also call Telephone Banking on +90(392)444-4444 for detailed information.

Minimum opening amount for a precious metals time deposit account: 20 grams for gold and 500 grams for silver.

Frequently Asked Questions About Gold, Silver and Platinum