The 26-month real return streak in gold bullion came to an end in October 2026

Gold bullion ended its 26-month real return streak, which had been ongoing since August 2024, by yielding an 11.7 percent loss on an annual basis in October 2026 when adjusted for inflation.

According to data from the Turkish Statistical Institute, the nominal return of gold bullion was 14.59 percent over the same period. However, when adjusted for inflation, gold caused a real loss of 10.06 percent based on the Domestic Producer Price Index and 11.7 percent based on the Consumer Price Index. This decline in October was recorded as the highest real value loss in the last 46 months.

In October, among investment instruments, only government domestic debt securities and deposit interest provided real gains. The US dollar, euro, and BIST 100 index were among the other investment instruments that caused real losses for their investors.