Swiss gold exports jump 39% to 170 mt in May on Indian demand, a five-month high
By GCRU Gold News on Saturday, June 24 2017, 01:23 - Permalink
Gold exports from Switzerland totaled 170 mt in May, up 39% from 122 mt in April, Swiss federal customs data showed Thursday.
The total is largely unchanged from a year earlier, down 2% from 174 mt in May 2016, but is the highest volume of the year so far.
India was the largest destination for Switzerland's gold for the fifth straight month, with 68 mt exported in May, up from 18.5 mt in May 2016.
The volume is up 40% from April and is the largest export volume to the country for 18 months.