Gold exports from Switzerland up 30% in March as deliveries to UK jump
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Gold exports from Switzerland rose 30% month-on-month in March, as shipments to Britain jumped to their highest since December and supplies to China, a major bullion consumer, increased by 18%, Swiss customs data showed on Tuesday.
Deliveries from Switzerland, the world’s biggest bullion refining and transit hub, to the UK rose to 57.6 metric tons last month from 19.8 tons in February, as gold kept coming back from the US after last year’s outflows.
The UK is home to the world’s largest over-the-counter gold trading hub.
Supplies to India, another major bullion consumer, fell to 3.1 tons in March from 11.6 tons amid subdued local demand.
(By Polina Devitt; Editing by Ronojoy Mazumdar)
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