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Turkey's Nov gold imports rise to 4.2 tonnes

The latest data released by the Istanbul gold exchange shows that imports climbed to 4.2 tonnes in November from 3.7 tonnes in October.

ISTANBUL (Reuters) - 

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)