Turkey is preparing to overhaul how physical gold is bought and sold, with plans to attach QR codes to gold products sold by jewelers. The move is designed to help consumers verify the authenticity of their purchases, according to a report from Sözcü Gazetesi.
Under the new system, each piece of gold would carry a unique code that buyers could scan with a smartphone to confirm it is genuine. Sözcü Gazetesi reports that the initiative is part of a broader effort to combat counterfeiting in the gold market, which has long been a concern for both buyers and sellers. The report also indicates that a related system, referred to as KMTS, is being introduced for gram gold transactions, according to Haber 7.
The change comes amid growing demand for physical gold in Turkey, where it is a popular investment and gift item. Currently, buyers often rely on the reputation of a jeweler to ensure they are getting real gold, but the new codes would provide a direct, verifiable check. Medyabar notes that the system would also address the difficulty of finding trustworthy jewelers, as the codes would allow anyone to check a product's details on the spot.
The introduction of QR codes is expected to shift how gold is traded, making verification faster and more transparent. While the exact rollout timeline has not been detailed in the reports, the initiative signals a clear move toward digital authentication in a traditionally physical market. Watch for further announcements on how the codes will be implemented and whether they will apply to all gold products or only certain categories.
