India major recipient of Swiss gold exports
By GCRU Gold News on Tuesday, August 12 2014, 12:03 - Permalink
Indian imports of gold from Switzerland have raised eyebrows in government circles. Data released recently by the Swiss Government showed a spike in bullion exports to India in June. Over 40% of the gold leaving Switzerland is reportedly landing in India.
Data showed that India accounted for around 42% of total June exports. Compared to the 33% of bullion exports to India in May, this has set the alarm bells ringing loud and clear.