With 39 tons, Turkey’s gold imports reach the highest level since 2018

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Turkey’s gold imports last September recorded about 39 tons, reaching the highest monthly level since January 2018.

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The data of the Istanbul Stock Exchange for Precious Metals and Gemstones showed that the increase in Turkey’s imports of the yellow metal has maintained its momentum since last May, reaching in September its highest level in 56 months.

According to the same data, gold imports increased by 24.5 percent on a monthly basis, while they rose 18 times on an annual basis.

According to data from the World Gold Council, the Turkish Central Bank added 9 tons of gold to its gold reserves last August, while the bank bought 84 tons of gold since the beginning of this year.

Thus, the bank’s total reserves of the yellow metal reached their highest level since the second quarter of 2020, registering 478 tons.

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Thus, the Turkish Central Bank led the world’s banks in buying the largest amount of gold during the current year.

The following is the data of the Istanbul Stock Exchange for Precious Metals and Gemstones for the year 2022:

Silver (kg) Gold (kg)

January 30.600 3.578

February 76.007 4.498

March 68.173 8.761

April 79.419 2.713

May 65,526 15,298

June 63.530 12.526

July 92.259 22.376

August 77,897 31.343

September 68.070 39.033

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Total 621,481 140,127