Swiss monthly gold exports to India hit highest since May 2019

Image courtesy of Veerle on Flickr

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.

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

(By Peter Hobson; Editing by David Goodman)

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