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Sok Marketler

Full company profile

uuid0005iq2

Namestring
Sok Marketler
Legal namestring
Şok Marketler Ticaret A.Ş.
Company typeenum
Public
Founded yearint
1995
Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
5,001–10,000
akta.pro rankint
HeadquartersIstanbul
HQ citystring
Istanbul
Markets served

Serves global market

Offices1 record

Each record includes

City, Country, Type, Description, Source

Keyword5 values
discount grocery retail, supermarket chain, online grocery delivery, private label brands, household consumer goods
Industry2 codes
1Limited-Assortment Hard Discounters (Private-Label Led)
CodeCRAHADAAPrimaryYes
2Grocery, Food & Essentials Commerce Platforms
CodeBPAMAGAFPrimaryNo
NAICS code2 codes
  • Supermarkets and Other Grocery Retailers (except Convenience Retailers)44511
  • Grocery and Convenience Retailers4451
SIC code2 codes
  • Retail-Grocery Stores5411
  • Wholesale-Groceries & Related Products5140
Product category
Discount Grocery Retail
Social media profiles2 records
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model2 records
1Physical supermarket retail sales
TypeOne Time License
Description

Şok Marketler operates a chain of physical retail supermarket stores, generating revenue through in-store product sales across categories including groceries, fresh produce, dairy, meat, beverages, personal care, and household items.

sokmarket.com.tr
2E-commerce / online grocery sales
TypeOne Time License
Description

Through the Cepte Şok online platform (sokmarket.com.tr) and the acquired İstegelsin brand, Şok Marketler sells groceries and consumer goods online with delivery to consumers' homes.

sokmarket.com.tr
Marketing channels3 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels3 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components6 values
Supply Chain, Personnel, Operations, Marketing or Sales, Infrastructure, Technology or R&D
Pricing details1 tier
1Individual product pricing with promotional discounts
ModelUnit PricingBilling cadencePay-as-you-go
Notes

Products are priced per unit/item with periodic promotional discounts. Example: Coca-Cola Zero Sugar 1L listed at 60.00₺ discounted to 44.90₺; Sütaş Laktozsuz Süt 200ml at 18.50₺; Mon Amour Neon Oje at 25.00₺. Promotional campaigns such as '50 TL üzeri' discounts and bundle pricing are offered.

sokmarket.com.tr
GTM typeB2C
B2C
Offering typeServices
Services
Brand1 record
1İsteGelsin
Description

Online grocery delivery service - Turkey's first fully online supermarket, acquired in April 2024

sokmarket.com.tr
Core offering1 text field

Şok Marketler operates a discount supermarket chain across Turkey, selling groceries, fresh produce, dairy, meat, beverages, personal care, household cleaning, cosmetics, baby care, and pet supplies through both physical stores and the Cepte Şok online platform. It complements core grocery retail with an extensive private-label portfolio (Evin, Piyale, Mis, Mintax, Mon Amour, Crown, Bebeland, Anadolu Çiftliği, etc.), a Win Para loyalty program, and ancillary services such as Sok Net home internet. The 2024 acquisition of İstegelsin added full online supermarket delivery capabilities.

Differentiator
Functional benefit
Problem solved
Product overview1 text field

Şok Marketler Ticaret A.Ş. operates an online grocery delivery platform branded as 'Cepte Şok' (Cepte Şok | Uygun Fiyatlı Online Market Alışverişi) at sokmarket.com.tr, offering home delivery of supermarket products across categories including groceries, personal care, household cleaning, and cosmetics. The core offering is the Cepte Şok online market platform. Adjacent services include Sok Net (home internet service) and Şok'tan İsteGelsin'de, a dropshipping arrangement fulfilled via the acquired İstegelsin online grocery startup. The company carries an extensive private-label portfolio covering food and beverage brands (Evin, Piyale, Mis, Anadolu Mutfağı), household/paper brands (Crown, Mintax), pet supplies (Bizim Vatan), baby care (Bebeland, Altın Küp), personal care (Mon Amour, Karmen, Lio, Amigo), and agricultural products (Anadolu Çiftliği organic eggs). Mon Amour is a notable cosmetics sub-brand offering nail polish, lipstick, lip gloss, concealer, BB cream, and lip care products through the platform.

Product and service18 records
1Cepte Şok (Online Market)
CategoryOnline grocery / e-commerce platform
Description

Şok Marketler's proprietary online grocery platform offering home delivery of supermarket products including groceries, personal care, and household items to Turkish consumers.

2Şok'tan İsteGelsin'de (Dropshipping)
CategoryOnline grocery delivery / dropshipping
Description

Dropshipping service offered through the İstegelsin platform enabling Şok products to be fulfilled via the online grocery delivery operation.

3Sok Net (Home Internet)
CategoryTelecommunications / home internet
Description

Home internet broadband connectivity plans offered by Şok Marketler to consumers.

4Evin (Private Label Brand)
CategoryPrivate label food and beverage
Description

Private-label beverage brand including flavored water products sold through Şok's physical stores and online platform.

5Piyale (Private Label Brand)
CategoryPrivate label food and beverage
Description

Private-label pasta brand sold through Şok's physical stores and online platform.

6Mis (Private Label Brand)
CategoryPrivate label food and beverage
Description

Private-label ice cream brand sold through Şok's physical stores and online platform.

7Mintax (Private Label Brand)
CategoryPrivate label household cleaning
Description

Private-label cleaning products brand including Mintax detergents sold through Şok's channels.

8Mon Amour (Private Label Brand)
CategoryPrivate label cosmetics and personal care
Description

Private-label cosmetics and personal care brand including nail polish, lipstick, lip gloss, concealer, BB cream, and lip care products sold through Şok's channels.

9Crown (Private Label Brand)
CategoryPrivate label household paper goods
Description

Private-label household paper brand including tissue and paper products sold through Şok's channels.

10Deren (Private Label Brand)
CategoryPrivate label food and beverage
Description

Local/regional private-label food brand including Deren tea sold through Şok's channels.

11Anadolu Mutfağı (Private Label Brand)
CategoryPrivate label food and beverage
Description

Private-label brand offering Anatolian cuisine products sold through Şok's channels.

12Altın Küp (Private Label Brand)
CategoryPrivate label baby care
Description

Private-label baby care brand including Altın Küp products sold through Şok's channels.

13Bebeland (Private Label Brand)
CategoryPrivate label baby care
Description

Private-label baby care brand sold through Şok's physical stores and online platform.

14Bizim Vatan (Private Label Brand)
CategoryPrivate label pet supplies
Description

Private-label pet supplies brand for pet owners sold through Şok's channels.

15Amigo (Private Label Brand)
CategoryPrivate label laundry care
Description

Private-label laundry care brand including Amigo products sold through Şok's channels.

16Karmen (Private Label Brand)
CategoryPrivate label personal care
Description

Private-label personal care brand including Karmen products sold through Şok's channels.

17Lio (Private Label Brand)
CategoryPrivate label personal care
Description

Lio branded products under Şok Marketler's private label sold through Şok's channels.

18Anadolu Çiftliği (Private Label Brand)
CategoryPrivate label agricultural products
Description

Private-label Anatolian farm products including organic eggs under the Anadolu Çiftliği brand sold through Şok's channels.

Scale indicator3 records

Each record includes

Type, Value, Description, Source

Partnership1 partner
Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2024-04-16
Description

Şok Marketler Ticaret A.Ş. completed the acquisition of 100% shares of Future Teknoloji Ticaret A.Ş. (operating the online grocery delivery brand İstegelsin) for 220 million TL on April 16, 2024. The target was valued at approximately 245 million TL per a KPMG valuation report, with the purchase negotiated at a 10% discount. İstegelsin, founded in Istanbul in 2018, was Turkey's first fully online supermarket. This acquisition is a core component of Şok's digital expansion and e-commerce growth strategy.

Recent move6 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight5 records

Each record includes

Type, Description

Peers10 records
TypeEmerging player
Description

Getir pioneered quick-commerce in Turkey and has been expanding into broader grocery delivery. It overlaps with the İstegelsin e-commerce proposition on Turkish consumer online grocery demand.

TypeBroad incumbent
Description

Lidl is a European hard-discount grocers with strong private-label brands and a growing digital footprint. Comparable to Sok as a discount + PL + emerging e-commerce model, though geographic overlap is limited.

TypeDirect peer
Description

Migros is one of Turkey's largest supermarket operators with physical stores, online grocery (Migros Sanal Market), loyalty (Money Club), and extensive private-label brands — directly comparable to Sok across grocery, digital, and PL strategies.

4Gross Genel Mağazacılık
TypeDirect peer
Description

Gross operates discount-format supermarket stores in Turkey with a value-price proposition similar to Sok. Comparison is direct on store format, target audience, and price-led promotional model.

TypeDirect peer
Description

BIM is Turkey's largest hard-discount supermarket chain, operating thousands of stores nationally with private-label-heavy assortment. It is Sok's most direct competitor on discount positioning, store format, and target consumer.

TypeDirect peer
Description

A101 is a Turkish discount supermarket chain owned by Yıldız Holding, competing head-to-head with Sok on store count, assortment, and the hard-discount value proposition across Turkish provinces.

TypeDirect peer
Description

Hakmar is an Istanbul-based discount supermarket chain with physical stores across Turkey and an online ordering platform, directly competing with Sok on discount grocery positioning and Turkish consumer base.

TypeBroad incumbent
Description

Aldi is the global reference for hard-discount grocery with extreme private-label penetration. Comparable as a model benchmark for Sok's discount + PL-led strategy though it does not operate in Turkey.

TypeDirect peer
Description

CarrefourSA is a joint venture between Sabancı and Carrefour, operating full-service supermarkets and online grocery in Turkey. It competes with Sok on physical supermarket footprint and increasingly in online grocery.

TypeEmerging player
Description

Trendyol and Hepsiburada are large Turkish e-commerce platforms expanding into grocery. They don't run physical discount stores but increasingly compete for online grocery basket — relevant given Sok's İstegelsin-led digital strategy.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat4 records

Each record includes

Type, Details

Key risks7 records

Each record includes

Headline, Details, Source

Key highlights7 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Segment1 record

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile1 record

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Subsidiaries1 record

Each record includes

Name, Acquired on, Relationship type, Type, Business focus

No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Sok Marketler

Discount Grocery Retailsokmarket.com.tr

Sok Marketler firmographics

Firmographics
Name
Sok Marketler
Legal name
Şok Marketler Ticaret A.Ş.
Website
https://sokmarket.com.tr
Company type
Public
Founded year
1995
Operating status
Operating
Headcount range
5,001–10,000 employees
Ownership category
akta.pro rank

Sok Marketler industry classification

Industry
Product category
Discount Grocery Retail
NAICS
Supermarkets and Other Grocery Retailers (except Convenience Retailers) (44511), Grocery and Convenience Retailers (4451)
SIC
Retail-Grocery Stores (5411), Wholesale-Groceries & Related Products (5140)
akta.pro primary industry
Limited-Assortment Hard Discounters (Private-Label Led) (CRAHADAA)
akta.pro secondary industry
Grocery, Food & Essentials Commerce Platforms (BPAMAGAF)

Keywords

  • Discount grocery retail
  • Supermarket chain
  • Online grocery delivery
  • Private label brands
  • Household consumer goods

Where Sok Marketler is headquartered

Location

Headquarters

HQ city
Istanbul

Offices1 record

Markets served

Sok Marketler business model

Business model
GTM type
B2C
Offering type
Services
Cost components
Supply Chain, Personnel, Operations, Marketing or Sales, Infrastructure, Technology or R&D

Revenue model

  1. Physical supermarket retail sales: Şok Marketler operates a chain of physical retail supermarket stores, generating revenue through in-store product sales across categories including groceries, fresh produce, dairy, meat, beverages, personal care, and household items.
  2. E-commerce / online grocery sales: Through the Cepte Şok online platform (sokmarket.com.tr) and the acquired İstegelsin brand, Şok Marketler sells groceries and consumer goods online with delivery to consumers' homes.

Pricing tiers

ModelBillingPrice
Unit PricingPay-as-you-goIndividual product pricing with promotional discounts

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Sok Marketler product offering

Product offering

Core offering

Şok Marketler operates a discount supermarket chain across Turkey, selling groceries, fresh produce, dairy, meat, beverages, personal care, household cleaning, cosmetics, baby care, and pet supplies through both physical stores and the Cepte Şok online platform. It complements core grocery retail with an extensive private-label portfolio (Evin, Piyale, Mis, Mintax, Mon Amour, Crown, Bebeland, Anadolu Çiftliği, etc.), a Win Para loyalty program, and ancillary services such as Sok Net home internet. The 2024 acquisition of İstegelsin added full online supermarket delivery capabilities.

Product overview

Şok Marketler Ticaret A.Ş. operates an online grocery delivery platform branded as 'Cepte Şok' (Cepte Şok | Uygun Fiyatlı Online Market Alışverişi) at sokmarket.com.tr, offering home delivery of supermarket products across categories including groceries, personal care, household cleaning, and cosmetics. The core offering is the Cepte Şok online market platform. Adjacent services include Sok Net (home internet service) and Şok'tan İsteGelsin'de, a dropshipping arrangement fulfilled via the acquired İstegelsin online grocery startup. The company carries an extensive private-label portfolio covering food and beverage brands (Evin, Piyale, Mis, Anadolu Mutfağı), household/paper brands (Crown, Mintax), pet supplies (Bizim Vatan), baby care (Bebeland, Altın Küp), personal care (Mon Amour, Karmen, Lio, Amigo), and agricultural products (Anadolu Çiftliği organic eggs). Mon Amour is a notable cosmetics sub-brand offering nail polish, lipstick, lip gloss, concealer, BB cream, and lip care products through the platform.

Differentiator

Problem solved

Functional benefit

Brands

  • İsteGelsin: Online grocery delivery service - Turkey's first fully online supermarket, acquired in April 2024

Products and services

  • Cepte Şok (Online Market) Şok Marketler's proprietary online grocery platform offering home delivery of supermarket products including groceries, personal care, and household items to Turkish consumers.
  • Şok'tan İsteGelsin'de (Dropshipping) Dropshipping service offered through the İstegelsin platform enabling Şok products to be fulfilled via the online grocery delivery operation.
  • Sok Net (Home Internet) Home internet broadband connectivity plans offered by Şok Marketler to consumers.
  • Evin (Private Label Brand) Private-label beverage brand including flavored water products sold through Şok's physical stores and online platform.
  • Piyale (Private Label Brand) Private-label pasta brand sold through Şok's physical stores and online platform.
  • Mis (Private Label Brand) Private-label ice cream brand sold through Şok's physical stores and online platform.
  • Mintax (Private Label Brand) Private-label cleaning products brand including Mintax detergents sold through Şok's channels.
  • Mon Amour (Private Label Brand) Private-label cosmetics and personal care brand including nail polish, lipstick, lip gloss, concealer, BB cream, and lip care products sold through Şok's channels.
  • Crown (Private Label Brand) Private-label household paper brand including tissue and paper products sold through Şok's channels.
  • Deren (Private Label Brand) Local/regional private-label food brand including Deren tea sold through Şok's channels.
  • Anadolu Mutfağı (Private Label Brand) Private-label brand offering Anatolian cuisine products sold through Şok's channels.
  • Altın Küp (Private Label Brand) Private-label baby care brand including Altın Küp products sold through Şok's channels.
  • Bebeland (Private Label Brand) Private-label baby care brand sold through Şok's physical stores and online platform.
  • Bizim Vatan (Private Label Brand) Private-label pet supplies brand for pet owners sold through Şok's channels.
  • Amigo (Private Label Brand) Private-label laundry care brand including Amigo products sold through Şok's channels.
  • Karmen (Private Label Brand) Private-label personal care brand including Karmen products sold through Şok's channels.
  • Lio (Private Label Brand) Lio branded products under Şok Marketler's private label sold through Şok's channels.
  • Anadolu Çiftliği (Private Label Brand) Private-label Anatolian farm products including organic eggs under the Anadolu Çiftliği brand sold through Şok's channels.

Companies that use Sok Marketler

Customer profile

Segments1 record

Ideal customer profiles1 record

Sok Marketler technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Sok Marketler partnerships and signals

Strategic signal

Partnerships

One partnership is on record.

  • Future Teknoloji Ticaret A.Ş. (İstegelsin)coreStrategic or Co-development Partner · 16 April 2024Şok Marketler Ticaret A.Ş. completed the acquisition of 100% shares of Future Teknoloji Ticaret A.Ş. (operating the online grocery delivery brand İstegelsin) for 220 million TL on April 16, 2024. The target was valued at approximately 245 million TL per a KPMG valuation report, with the purchase negotiated at a 10% discount. İstegelsin, founded in Istanbul in 2018, was Turkey's first fully online supermarket. This acquisition is a core component of Şok's digital expansion and e-commerce growth strategy.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Sok Marketler competitors and assessment

Company assessment

Emerging players

  • Getir: Getir pioneered quick-commerce in Turkey and has been expanding into broader grocery delivery. It overlaps with the İstegelsin e-commerce proposition on Turkish consumer online grocery demand.
  • Trendyol (online grocery / Hepsiburada): Trendyol and Hepsiburada are large Turkish e-commerce platforms expanding into grocery. They don't run physical discount stores but increasingly compete for online grocery basket — relevant given Sok's İstegelsin-led digital strategy.

Broad incumbents

  • Lidl (international benchmark): Lidl is a European hard-discount grocers with strong private-label brands and a growing digital footprint. Comparable to Sok as a discount + PL + emerging e-commerce model, though geographic overlap is limited.
  • Aldi (international benchmark): Aldi is the global reference for hard-discount grocery with extreme private-label penetration. Comparable as a model benchmark for Sok's discount + PL-led strategy though it does not operate in Turkey.

Direct peers

  • Migros Ticaret: Migros is one of Turkey's largest supermarket operators with physical stores, online grocery (Migros Sanal Market), loyalty (Money Club), and extensive private-label brands — directly comparable to Sok across grocery, digital, and PL strategies.
  • Gross Genel Mağazacılık: Gross operates discount-format supermarket stores in Turkey with a value-price proposition similar to Sok. Comparison is direct on store format, target audience, and price-led promotional model.
  • BIM Birleşik Mağazalar: BIM is Turkey's largest hard-discount supermarket chain, operating thousands of stores nationally with private-label-heavy assortment. It is Sok's most direct competitor on discount positioning, store format, and target consumer.
  • A101: A101 is a Turkish discount supermarket chain owned by Yıldız Holding, competing head-to-head with Sok on store count, assortment, and the hard-discount value proposition across Turkish provinces.
  • Hakmar Market: Hakmar is an Istanbul-based discount supermarket chain with physical stores across Turkey and an online ordering platform, directly competing with Sok on discount grocery positioning and Turkish consumer base.
  • CarrefourSA: CarrefourSA is a joint venture between Sabancı and Carrefour, operating full-service supermarkets and online grocery in Turkey. It competes with Sok on physical supermarket footprint and increasingly in online grocery.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

Sok Marketler social profiles

Digital presence

Sok Marketler financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Sok Marketler leadership team

Management profile

Number of profiles

Sok Marketler subsidiaries and ownership

Company hierarchy

Subsidiaries1 record

Sok Marketler funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Sok Marketler M&A and investment

M&A and investment

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Sok Marketler

What does Sok Marketler do?

Şok Marketler operates a discount supermarket chain across Turkey, selling groceries, fresh produce, dairy, meat, beverages, personal care, household cleaning, cosmetics, baby care, and pet supplies through both physical stores and the Cepte Şok online platform. It complements core grocery retail with an extensive private-label portfolio (Evin, Piyale, Mis, Mintax, Mon Amour, Crown, Bebeland, Anadolu Çiftliği, etc.), a Win Para loyalty program, and ancillary services such as Sok Net home internet. The 2024 acquisition of İstegelsin added full online supermarket delivery capabilities.

Is Sok Marketler a public or private company?

Sok Marketler is a public company. It is classified as public and is currently operating.

When was Sok Marketler founded?

Sok Marketler was founded in 1995. It employs 5,001 to 10,000 people.

Where is Sok Marketler based?

Sok Marketler is headquartered in Istanbul.

How does Sok Marketler make money?

Two revenue lines are on record. Physical supermarket retail sales are the primary driver. The others are E-commerce / online grocery sales.

Who are Sok Marketler's main competitors?

Emerging players on record are Getir and Trendyol (online grocery / Hepsiburada). Broad incumbents are Lidl (international benchmark) and Aldi (international benchmark). Direct peers are Migros Ticaret, Gross Genel Mağazacılık, BIM Birleşik Mağazalar, A101, Hakmar Market and CarrefourSA.

Does Sok Marketler have an API?

No public API is recorded for Sok Marketler.

What industry is Sok Marketler in?

Sok Marketler's product category is Discount Grocery Retail. Its primary akta.pro industry code is CRAHADAA, Limited-Assortment Hard Discounters (Private-Label Led), with a secondary code of BPAMAGAF, Grocery, Food & Essentials Commerce Platforms. Its NAICS code is 44511 and its SIC code is 5411.

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Live signals
Yahoo3 Grain Sensitive Stocks Investors Should Watch as Black Sea Trade Talks ReturnBlack Sea trade talks between Russia and Germany spotlight three grain-sensitive stocks: Coromandel International, Migros Ticaret, and Sok Marketler Ticaret. Coromandel's fertilizer and crop protection revenue is ₹283.3b and ₹44.9b, while Migros and Sok operate Turkish supermarkets with market caps of TRY 94.8b and TRY 33.97b. Their fortunes depend on grain prices and food inflation.AInvestSok marketler 2Q sales 86.1B liras, est. 86B lirasSok Marketler reported second-quarter sales of 86.1 billion Turkish liras, meeting market estimates of 86 billion liras. The company continues to operate its 'one-stop shop' retail model with over 11,000 stores in Turkey while maintaining a focus on operational efficiency.AInvestSok marketler 2Q net loss 760.6M liras, est. loss 599.4M lirasSok marketler reported a second-quarter net loss of 760.6 million liras, which exceeded the estimated loss of 599.4 million liras. The company's financial performance for the quarter was weaker than analyst expectations.Investing.comTurkey shares lower at close of trade; BIST 100 down 0.61% By Investing.comTurkey's BIST 100 index closed down 0.61% on Wednesday, with falling stocks outnumbering advancing ones by 378 to 206 on the Istanbul Stock Exchange. Sok Marketler shares rose to 52-week highs, gaining 4.10%, while Aselsan led decliners with a 9.95% fall. In commodities, gold futures rose 1.50% to $4,837.34 per troy ounce while crude oil remained relatively stable.