COVID-19 Pandemic Hits Swiss Gold Exports To India In June 2021

INSUBCONTINENT EXCLUSIVE:
Swiss shipments to China and India plunged after the coronavirus emerged last yearSwiss exports of gold to India edged higher in June,
although they remained far below levels earlier this year, and shipments to mainland China fell, Swiss customs data showed on Tuesday.China
and India are the world's largest consumers of gold, while Switzerland is the world's largest gold refining centre and transit hub.Swiss
shipments to China and India plunged after the coronavirus emerged last year, and exports to India, which were averaging nearly 60 tonnes a
China and IndiaPhoto Credit: ReutersWith demand in Asia weak, more gold has flowed from Switzerland to Britain and the United States, both
38,396 28,199May-21 32,750 3,800 2,037 22,308 6,087Jun-20 0 10 900 4,234 68,265* Source: Swiss customs
Data subject to revision by source.