Borsa İstanbul Precious Metals and Precious Stones Markets Training

The programme

The "Precious Metals and Precious Stones Markets Training", organised by Borsa İstanbul Group Training Programmes on 23–25 September 2025, was held at the Borsa İstanbul Sarıyer Complex as a special programme for sector stakeholders. Over the three days of training, the institutional structure of the market, its trading rules and its practice were explained by officials of the units that run it. The programme ended with participants receiving their certificates from Mr Murat Bulut, Deputy General Manager of Borsa İstanbul.

From the Grand Bazaar to an organised market

The historical centre of the precious metals trade in Istanbul is the Grand Bazaar (Kapalıçarşı). The Bazaar's workings rest largely on trust and established customs; price, fineness and delivery terms are often set by the parties among themselves. The Borsa İstanbul Precious Metals and Precious Stones Markets (Borsa İstanbul Kıymetli Madenler ve Kıymetli Taşlar Piyasası), by contrast, are an organised market: their rules are set in advance, transactions are made through members, and clearing and delivery are tied to an institutional framework. The two structures are not alternatives to each other but complements; the sector's actors often take part in both.

Why does it matter to a lawyer?

In a dispute or a compliance (uyum) assessment, the source of the problem often lies not in the text of the legislation but in how the market actually works. Knowing which transaction is subject to which rule, how delivery takes place and where records are kept makes it possible to ask the right question, both when drafting a contract and when assessing a dispute. This is why our founder attended the training as a sector stakeholder would, and observed the processes on site himself.

Link with the thesis

The training coincided with the fieldwork for the master's thesis entitled Kıymetli Maden Ticareti Uyuşmazlıklarının Tahkim Yoluyla Çözümü [Resolution of Precious Metals Trade Disputes through Arbitration] and became one of the field observations that shaped the thesis.

What the event left us with

This first-hand information from the market's officials further strengthened the foundations of Türkkan Law Firm's work in the field of precious metals. Drawing on this experience, we provide legal support to institutions wishing to become members of the Borsa İstanbul Precious Metals and Precious Stones Markets, in preparing their membership applications and in meeting the compliance obligations that arise with membership.

Further information: borsaistanbul.com