Swiss gold exports to India surges to 5-month high in August

Swiss exports of gold to India jumped to a five-month high in August while shipments to China fell, Swiss customs data showed on Tuesday.

Switzerland is the world’s largest bullion refining centre and transit hub and its data give insight into global demand trends. China and India are the largest consumers of gold.

In 2020, Swiss shipments to China and India plunged as the coronavirus spread, and exports to India fell again this year when the Delta variant of the virus took hold there.