Gold pricing in Turkey reflects the global LBMA benchmark plus local currency conversion, premiums, and tax implications. For Turkey-based institutional investors, LCORE offers an alternative to local gold markets: allocated physical storage in Abu Dhabi's pre-customs zone under ADGM English Common Law. Zero UAE duty, Lloyd's $250M insurance, ADGM Reg. 28158. Minimum allocation: $5M.
Request ConsultationThe international gold spot price (XAU/USD) converted to TRY reflects the USD/FX rate at any given moment. Turkish gold price in lira, kapalıçarşı benchmark. LCORE provides institutional gold storage in Abu Dhabi with TRY settlement capability for counterparties from Turkey.
For institutional holders in Turkey, Abu Dhabi offers structural advantages: zero UAE capital gains tax (vs Turkey local tax), zero import duty in pre-customs zone, ADGM English Law title protection, and DVP settlement infrastructure for commodity transactions.
UAE has no capital gains tax on gold. No annual wealth tax. No VAT on investment-grade bullion. Structural advantage for Turkey investors vs home-jurisdiction holding.
LCORE can facilitate commodity settlement in TRY via gold DVP mechanism. No mandatory USD clearing for Turkey counterparties.
ADGM applies English Common Law. Warehouse Receipt is enforceable internationally. Turkey counterparties can rely on familiar legal framework.
Confidential. Min $5M. ADGM Reg. 28158.