Turkish gold imports rose to 4.2 tonnes in November from 3.7 tonnes a month earlier, according to data released by the Istanbul Gold Exchange on Tuesday.
Gold imports in the first 11 months were 117.2 tonnes. In 2011 as a whole, imports amounted to 79.70 tonnes, almost doubling from 42.49 tonnes a year earlier. Turkey gold imports last November were 0.73 tonnes.
Turkey’s gold imports are typically higher during summer months as the metal is traditionally given as a gift at weddings and circumcision ceremonies.
(Writing by Ece Toksabay; Editing by Nick Tattersall)