Turkey imports more gold again

Turkish gold imports more than quadrupled in November compared to the previous year. Again, more than 20 tons of gold were imported.

The gold imports of Turkey are picking up again. The country imported 22,043.50 kilos of gold last month. This is evident from the current monthly report of Borsa Istanbul.

Compared with the previous month, gold imports rose by 4.5 percent. In comparison to November 2018, Turkey has imported 351 percent more gold. It was also the largest import volume since May 2018.

From January to November 2019, Turkey imported 137,699.91 kilos of gold. The 11-month figures are thus 29 percent below the previous year – because the months of January to May 2018 still had very high delivery volumes.