Gold is embedded in Turkish life: merchants pioneered the use of gold coins in ancient Lydia, and today gold plays an important and innovative role in Turkey’s economy. Turkiye is the fifth largest gold market globally.. The jewellery industry employs 5,000 goldsmiths with over 35,000 boutiques and shops and employs about 250,000 people. In the Grand Bazaar – the heart of Turkey’s gold market – rents are often priced in gold.In Türkiye when a couple gets married, gold jewelry is offered as a gift by their friends and families to help them start off to a good, prosperous future.Many people in Turkey view “earning interest on money” as a transgression of Islamic rules and avoid investing their savings in fixed-income investment instruments.= so hoard gold, also as a hedge agaiinst inflation