Türkiye's gold imports surge to 4-year high

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Türkiye's gold imports surge to 4-year high

STORY: Türkiye's gold imports surge to 4-year high DATELINE: Oct. 21, 2022 LENGTH: 00:02:00 LOCATION: ISTANBUL, Türkiye CATEGORY: ECONOMY SHOTLIST: 1. various of Istanbul 2. various of jewelery shops 3. SOUNDBITE 1 (Turkish): ABDURRAHMAN YALCINKAYA, Gold trader in Istanbul 4. SOUNDBITE 2 (Turkish): ABDURRAHMAN YALCINKAYA, Gold trader in Istanbul 5. various of a gold processing factory STORYLINE: Türkiye's gold imports are at the highest level in over four years, propelled by strong domestic demand and the country's vibrant jewelry sector. According to the state-run Anadolu news agency, gold imports in September amounted to around 39 tonnes, compared with 2.15 tonnes from the same month last year. The previous surge was in 2018 when Türkiye imported 44.2 tonnes of gold in a single month. Turkish consumers turn to gold as a haven against inflation, which is at 83.45 percent on annual basis in September. Meanwhile, gold is an important material for the vibrant Turkish jewelry sector. Robust domest

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