Fine Gold 999.9 Turkey

Has altın is the term used in the Grand Bazaar and the jewelry trade for high-purity gold. The figure 999.9 shows the fineness in parts per thousand and corresponds to twenty-four-karat gold. Has altın usually trades in bar form and is used among jewelers as the raw material for ornamental coins and jewelry production. In Turkey, standard gold bars also trade on the Borsa Istanbul Precious Metals Market.

On Lzzo.com, has altın is shown with a per-gram gold-content model. The model calculates the value of one gram of gold, taken as fully pure, from the gold ounce reference (the PAXG token quote) and the daily exchange rate; in this respect it rests on the same weight and purity assumption as the site's gram gold model.

Small differences can be seen in the market between the has altın price and the gram gold price; these stem from conditions such as the size of the bar, the assay certificate, the seller's spread and the place of the transaction. The model on Lzzo.com does not include workmanship, premium or spread and is not a substitute for a jeweler's or Grand Bazaar buy/sell quote. The direction of the value is set by the gold price per ounce and the USD/TRY rate.