Switzerland’s monthly gold exports to India hit highest since May 2019




LONDON (Reuters) – Switzerland’s monthly gold exports to India in January reached their highest since May 2019, though exports to China and Hong Kong remained at rock bottom, customs data showed on Thursday.


India and China are the world’s two biggest gold consumers. Demand for bullion plunged in both when the coronavirus struck last year but has bounced back in India much more quickly.



is the world’s biggest gold refining centre and a transit hub.


Following are numbers for January and comparisons.


SWISS TRADE DATA (KG)


EXPORT


Jan-21 82,025


Dec-20 76,549


Jan-20 87,444


To China To Hong To India To the To


Kong U.S. Britain


Jan-21 0 28 38,696 16,666 5,216


Dec-20 0 263 34,500 14,496 265


Jan-20 17,000 23,583 8,541 574 6,344


* Source: Swiss customs. Data subject to revision by source.


 


(Reporting by Peter Hobson; Editing by David Goodman)

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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