In March, the highest real return of 3.83 percent was achieved in the Euro. However, the maximum gain on an annual basis was delivered by gold bullion. When adjusted for the Consumer Price Index (CPI), the Euro yielded the highest monthly real return in March at 3.83 percent. According to data from the Turkish Statistical Institute (TurkStat), when adjusted with the Domestic Producer Price Index (D-PPI), gold bullion provided investors with 2.9 percent, the BIST 100 index with 1.66 percent, gross deposit interest rate with 1.27 percent, and the US Dollar with 0.64 percent real returns, while government domestic borrowing securities (GDBS) resulted in a loss of 1.9 percent for investors. When adjusted for the CPI, gold bullion provided 2.31 percent, BIST 100 index 1.08 percent, gross deposit interest rate 0.69 percent, and the US Dollar 0.07 percent real returns to investors, while GDBS led to a loss of 2.46 percent. Gold bullion emerged as the investment instrument with the highest real return for investors at rates of 10.9 percent when adjusted with D-PPI and 8.05 percent when adjusted with the CPI in the three-month evaluation period. Meanwhile, BIST 100 index emerged as the investment instrument causing the most losses for investors with rates of 4.95 percent when adjusted with D-PPI and 7.4 percent when adjusted with the CPI during the same period. In the six-month evaluation period, gold bullion was recorded as the investment instrument providing the highest real return to investors at rates of 13.83 percent when adjusted with D-PPI and 6.83 percent when adjusted with the CPI. On the other hand, the BIST 100 index was calculated as the investment instrument causing the most losses for investors with rates of 5.99 percent when adjusted with D-PPI and 11.77 percent when adjusted with the CPI during the same period.