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

Gold prices surge in Turkey amid Russia-Ukraine conflict, inflation concerns

STORY: Gold prices surge in Turkey amid Russia-Ukraine conflict, inflation concerns DATELINE: March 9, 2022 LENGTH: 00:01:31 LOCATION: ISTANBUL, Turkey CATEGORY: ECONOMY SHOTLIST: 1. various of Grand Bazaar in Istanbul, Turkey 2. various of gold shop, gold jewelery lined up in the showcases 3. SOUNDBITE 1 (Turkish) RESAT YILMAZ, Gold and foreign exchange business practitioner 4. SOUNDBITE 2 (Turkish) RESAT YILMAZ, Gold and foreign exchange business practitioner 5. SOUNDBITE 3 (Turkish) SEVDA OZDEMIR, Istanbul resident STORYLINE: Gold prices surged sharply in the Turkish market on Tuesday amid the conflict between Russia and Ukraine and growing inflation concerns in the country. One gram of gold was traded at 936 Turkish liras (64.56 U.S. dollars) at noon, with a 1.50 percent hike in the day, while the price of gold per ounce stood at 2,007 dollars, the highest since August 2020. According to Murat Ozsoy, co-founder of Biz, a financial consultancy company, the exits from "risky assets" became dominant th