Hindistan\u2019da alt\u0131n fiyatlar\u0131 sal\u0131 g\u00fcn\u00fc hafif geriledi. FXStreet verilerine g\u00f6re gram alt\u0131n 13.973,60 INR\u2019ye indi; pazartesi 14.069,48 INR seviyesindeydi. Tola (G\u00fcney Asya\u2019da yayg\u0131n kullan\u0131lan a\u011f\u0131rl\u0131k birimi) fiyat\u0131 da 164.103,70 INR\u2019den 162.985,50 INR\u2019ye d\u00fc\u015ft\u00fc. Di\u011fer referans hesaplamalara g\u00f6re 10 gram alt\u0131n 139.732,00 INR, bir troy ons (alt\u0131n gibi k\u0131ymetli metallerde kullan\u0131lan standart \u00f6l\u00e7\u00fc birimi; 31,1035 gram) ise 434.627,80 INR seviyesinde. FXStreet, yerel fiyatlar\u0131; k\u00fcresel hareketleri USD\/INR kuru \u00fczerinden (ABD dolar\u0131\/Hindistan rupisi) \u00e7evirip Hindistan\u2019daki \u00f6l\u00e7\u00fc birimlerine d\u00f6n\u00fc\u015ft\u00fcrerek hesapl\u0131yor; bu nedenle yerel piyasa kurlar\u0131 ve prim\/iskontolar nedeniyle ekranda g\u00f6r\u00fclen referans seviyelerden sapma olabilir.<\/p>\n
Bu g\u00fcncelleme, alt\u0131n\u0131n portf\u00f6ylerde ve rezervlerdeki rol\u00fcne dair daha geni\u015f bir \u00e7er\u00e7eveyle birlikte geliyor. D\u00fcnya Alt\u0131n Konseyi\u2019ne g\u00f6re merkez bankalar\u0131 2022\u2019de 1.136 ton alt\u0131n ald\u0131; bu al\u0131mlar\u0131n de\u011feri yakla\u015f\u0131k 70 milyar dolar. Bu, kay\u0131tlar\u0131n tutulmaya ba\u015flamas\u0131ndan bu yana en y\u00fcksek y\u0131ll\u0131k al\u0131m. Alt\u0131n fiyatlamas\u0131 \u00e7o\u011fu zaman ABD Dolar\u0131, ABD Hazine tahvilleri (US Treasuries: ABD devlet bor\u00e7lanma k\u00e2\u011f\u0131tlar\u0131) ve XAU\/USD (alt\u0131n\u0131n ABD dolar\u0131 cinsinden fiyat kotasyonu) ili\u015fkisi \u00fczerinden okunuyor; ancak yerel piyasa fiyatlar\u0131 farkl\u0131la\u015ft\u0131\u011f\u0131 i\u00e7in yay\u0131mlanan referans seviyelerden ayr\u0131\u015fma g\u00f6r\u00fclebiliyor.<\/p>\n
Son geri \u00e7ekilmeyi, ABD dolar\u0131ndaki ge\u00e7ici g\u00fc\u00e7lenmeye ba\u011fl\u0131 k\u00fc\u00e7\u00fck bir d\u00fczeltme olarak de\u011ferlendiriyoruz. Bu d\u00fc\u015f\u00fc\u015f, daha b\u00fcy\u00fck \u00f6l\u00e7ekte destekleyici ana e\u011filimi bozacak nitelikte g\u00f6r\u00fcnm\u00fcyor. \u0130\u015flem yapanlar a\u00e7\u0131s\u0131ndan bu hareket, g\u00fc\u00e7l\u00fc bir d\u00fc\u015f\u00fc\u015f sinyalinden \u00e7ok pozisyonlar\u0131 g\u00f6zden ge\u00e7irme f\u0131rsat\u0131 olabilir.<\/p>\n
Genel ekonomik zemin alt\u0131n i\u00e7in destekleyici kal\u0131yor. Piyasa beklentisi, ABD Merkez Bankas\u0131\u2019n\u0131n (Fed) parasal gev\u015femeyi (faizleri indirme ve finansal ko\u015fullar\u0131 rahatlatma) s\u00fcrd\u00fcrmesi y\u00f6n\u00fcnde. G\u00fcncel fiyatlamalar, \u00fc\u00e7\u00fcnc\u00fc \u00e7eyrek sonuna kadar en az bir faiz indirimi olas\u0131l\u0131\u011f\u0131n\u0131n %70\u2019in \u00fczerinde oldu\u011funa i\u015faret ediyor. Tarihsel olarak faizlerin d\u00fc\u015ft\u00fc\u011f\u00fc d\u00f6nemlerde\u2014\u00f6rne\u011fin 2019\u2019daki gev\u015feme d\u00f6ng\u00fcs\u00fcnde\u2014getiri sa\u011flamayan bir varl\u0131k olan alt\u0131n\u0131 elde tutman\u0131n \u201cf\u0131rsat maliyeti\u201d (faiz getirisinden vazge\u00e7me maliyeti) azald\u0131\u011f\u0131 i\u00e7in alt\u0131n g\u00fc\u00e7l\u00fc y\u00fckseli\u015fler g\u00f6sterebiliyor.<\/p>\n
Merkez bankalar\u0131n\u0131n s\u00fcren al\u0131mlar\u0131 da fiyat i\u00e7in taban olu\u015fturuyor. \u0130lk \u00e7eyrek 2026\u2019da k\u00fcresel merkez bankalar\u0131n\u0131n 290 tonun \u00fczerinde alt\u0131n ekledi\u011fi bildiriliyor. Bu, son y\u0131llarda g\u00f6r\u00fclen \u201cde-dolarizasyon\u201d e\u011filiminin (rezervlerde dolar\u0131n pay\u0131n\u0131 azaltma) devam\u0131. \u00d6zellikle geli\u015fen ekonomilerden gelen d\u00fczenli talep, piyasadaki arz\u0131 kar\u015f\u0131lamaya yard\u0131mc\u0131 olarak d\u00fc\u015f\u00fc\u015fleri s\u0131n\u0131rl\u0131yor.<\/p>\n
Jeopolitik belirsizlik de alt\u0131n\u0131n \u201cg\u00fcvenli liman\u201d (krizlerde yat\u0131r\u0131mc\u0131n\u0131n riskten ka\u00e7\u0131p y\u00f6neldi\u011fi varl\u0131k) \u00f6zelli\u011fini destekliyor. K\u00fcresel \u00e7at\u0131\u015fmalarda beklenmedik bir t\u0131rmanma, \u201cg\u00fcvenli\u011fe ka\u00e7\u0131\u015f\u201d\u0131 (riskli varl\u0131klardan g\u00fcvenli g\u00f6r\u00fclen varl\u0131klara y\u00f6nelim) h\u0131zland\u0131rarak k\u0131ymetli metallere talebi art\u0131rabilir. Bu nedenle mevcut ortamda alt\u0131n \u00fczerinde agresif \u201ck\u0131sa pozisyon\u201d (fiyat d\u00fc\u015f\u00fc\u015f\u00fcnden kazan\u00e7 hedefleyen i\u015flem) ta\u015f\u0131mak riskli.<\/p>\n
Bu \u00e7er\u00e7evede, uzun y\u00f6nde pozisyon almak i\u00e7in t\u00fcrev \u00fcr\u00fcnlerin (vadeli i\u015flem ve opsiyon gibi, de\u011feri ba\u015fka bir varl\u0131\u011fa ba\u011fl\u0131 ara\u00e7lar) kullan\u0131lmas\u0131n\u0131 daha temkinli bir yakla\u015f\u0131m olarak g\u00f6r\u00fcyoruz. \u00dc\u00e7 ila alt\u0131 ay vadeli al\u0131m opsiyonu (call: belirli fiyattan alma hakk\u0131 veren opsiyon) almak, faiz indirimleri ve merkez bankas\u0131 talebiyle olu\u015fabilecek y\u00fckseli\u015ften yararlanma imk\u00e2n\u0131 sa\u011flar. Bu y\u00f6ntemde risk, \u00f6denen prim (opsiyon i\u00e7in pe\u015fin \u00f6denen bedel) ile s\u0131n\u0131rl\u0131d\u0131r; buna kar\u015f\u0131l\u0131k y\u00fckseli\u015f potansiyeli korunur.<\/p>\n","protected":false},"excerpt":{"rendered":"
Hindistan\u2019da alt\u0131n hafif geri \u00e7ekildi: gram 13.973,60 INR, tola 162.985,50 INR. D\u00fc\u015f\u00fc\u015f dolar kaynakl\u0131 d\u00fczeltme; ana trend destekli. Fed indirimi, merkez bankas\u0131 al\u0131mlar\u0131 ve jeopolitik riskler alt\u0131n\u0131 canl\u0131 tutuyor.<\/p>\n","protected":false},"author":87,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71],"tags":[],"class_list":["post-47365","post","type-post","status-publish","format-standard","hentry","category-live-updates"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/47365","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/users\/87"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/comments?post=47365"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/47365\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=47365"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=47365"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=47365"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}