1g gold future contracts will replace the 100g gold future contracts currently traded on Borsa İstanbul VIOP as of June 16, 2014. 

Gold investment in Turkey is predominantly realized by retail investors of varying sizes. In order to allow retail investors to invest in gold contracts with less collateral, Borsa İstanbul VIOP modifies the current contract size of 100g of TRY/GR gold future contracts to 1g. Turkey is a leading country in terms of the number of retail gold investors. As a result of this change, investors will be able to invest in gold with a collateral under 10 Turkish Liras while the price of gold will be discovered more accurately in a market that is alternative to the spot market.

VIOP gold future contracts are traded in a secure and transparent environment. The end of maturity settlement price for these contracts is calculated by converting the gold US$/ounce price discovered in the afternoon gold price fixing session in London (the London Gold Fixing P.M. announced by the London Gold Market Fixing Ltd.) to TRY/gram, using the indicator US$ selling exchange rate announced the Central Bank of the Republic of Turkey at 15:30. Therefore, gold contract prices are determined in parallel with the international markets.