Swiss gold exports to China, India jump in October

November 20, 2014

London (Nov 20)  Switzerland's gold exports rose by more than 12 per cent in October as shipments to major consumers India and China surged, data from the Swiss customs bureau showed on Thursday.

Gold exports to India from Switzerland, a major refining and trading centre for precious metals, leapt 28 per cent to 75.1 tonnes last month, the data showed.

Shipments to China, which last year was the top gold consumer, more than tripled to 42.5 tonnes, while exports to Hong Kong held steady at around 25 tonnes.

Exports to Singapore and Thailand fell sharply and shipments to Germany and Turkey also declined.

Overall Swiss exports of gold rose to 192.8 tonnes from 171.1 tonnes in September, the data showed.


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