What is Pars Global Gold? How Does It Work?

Short answers

What is it?

A digital commerce platform where physically backed precious metal products are sold outright or on deferred payment, and physically delivered for eligible products.

Who operates it?

PARS MÜCEVHERAT VE HEDİYELİK EŞYA SANAYİ VE TİCARET LİMİTED ŞİRKETİ

Which country?

Türkiye. Registered office: İstanbul (Bahçelievler). Delivery points: İstanbul Kuyumcukent and Kapalıçarşı.

What is sold?

Gram gold (24/18/14 carat), kilogram gold bullion and kilogram silver, quoted in US dollars.

Is there delivery?

Yes. In-person collection by appointment at the delivery points; insured shipping to a verified address for eligible products.

Are prices visible without an account?

Yes, the market screen is public.

Is it a bank?

No. It is not a bank, does not take deposits and is not a capital markets institution.

What does it do?

Pars Global Gold brings three things together in one structure: following live gold prices, online gold buying and selling and physical delivery. The user buys on screen and raises a collection request for the physical counterpart whenever they choose.

Every product sold on the platform is a physically backed precious metal product. The purchase screen shows the product's carat, weight and bid and ask prices; there is a market spread between the two.

How does it work?

1. Price tracking. The live market screen is public.
2. Account opening. Buying and selling become available after registration.
3. Buying. The products offered are bought outright or as a Deferred-Payment Purchase; the account balance is funded by bank transfer.
4. Physical delivery. A delivery request is raised for a paid product and, after approval, collected in person by appointment or, for eligible products, sent by insured shipping.

What is it not?

Pars Global Gold is not a bank and does not take deposits. It is not a capital markets institution and provides neither investment advice nor portfolio management. Nothing on this site is investment advice. Precious metal prices move with market conditions; a price move can work in your favour or against you.