The Turkish Statistical Institute (TurkStat) announced on Friday that gold (ingot) once again emerged as the most profitable financial investment in Türkiye for October 2025, recording the highest real returns across all major indicators.

According to TurkStat data, gold yielded a monthly real profit of 13.63% based on the Domestic Producer Price Index (D-PPI) and 12.61% according to the Consumer Price Index (CPI) — making it the best-performing investment vehicle for the month.

By contrast, other financial instruments offered far lower or negative returns. Based on D-PPI, deposit interest and government domestic debt instruments (GDDI) provided modest real profits of 1.50% and 0.79%, respectively. However, investors in the US dollar, euro, and stock exchange experienced real losses of 0.41%, 1.23%, and 3.96%.

According to CPI, the real profit rate for deposit interest was 0.59%, while investors in GDDI, the US dollar, euro, and the stock exchange recorded losses of 0.12%, 1.31%, 2.12%, and 4.82%, respectively.

TurkStat’s quarterly analysis shows that gold remained the top-performing asset, delivering real profits of 23.62% (D-PPI) and 22.19% (CPI) in the last three months. Over the same period, the stock exchange recorded the steepest losses — 3.45% according to D-PPI and 4.56% according to CPI.

On a semi-annual basis, the precious metal’s rally continued. Gold generated the highest real profits at 24.80% (D-PPI) and 25.44% (CPI), while investors in the US dollar suffered the greatest losses, down 3.81% and 3.32% in D-PPI and CPI terms, respectively.

For the one-year period ending October 2025, gold outperformed all other financial instruments by a wide margin. It yielded an annual real profit of 47.46% based on D-PPI and 40.94% based on CPI, solidifying its position as the most lucrative investment in Türkiye.

By comparison, according to D-PPI, deposit interest generated 11.60%, GDDI 4.63%, and euro 2.56% in real terms. Meanwhile, the US dollar and stock exchange produced annual real losses of 3.82% and 5.69%.

According to CPI calculations, deposit interest and GDDI yielded annual profits of 6.67% and 0.01%, while the euro, US dollar, and stock exchange again saw declines of 1.97%, 8.07%, and 9.85%, respectively.

TurkStat’s latest figures highlight gold’s continued appeal as a hedge against inflation and market uncertainty in Türkiye. Despite fluctuations in exchange rates and global economic headwinds, the precious metal continues to deliver the highest real gains for Turkish investors — outperforming currencies, interest-based instruments, and equities across all timeframes.

Economists note that with persistent inflationary pressures and global financial instability, gold’s strong performance underscores its enduring role as a “safe haven” asset in both domestic and international markets. (ILKHA)