Gold exports from Switzerland up 30% m/m in March as deliveries to UK jump
LONDON, April 21 (Reuters) - Gold exports from Switzerland rose 30% month-on-month in March, as shipments to Britain jumped to their highest since December and supplies to China, a major bullion consumer, increased by 18%, Swiss customs data showed on Tuesday.
Deliveries from Switzerland, the world's biggest bullion refining and transit hub, to the UK rose to 57.6 metric tons last month from 19.8 tons in February, as gold kept coming back from the U.S. GC-STX-COMEX after last year's outflows.
The UK is home to the world's largest over-the-counter gold trading hub.
Supplies to India, another major bullion consumer, fell to 3.1 tons in March from 11.6 tons amid subdued local demand. GOL/AS
Swiss total gold exports and supplies to key markets* (in kg):
March 2026 |
February 2026 |
March 2025 |
|
Total trade |
136,487 |
104,835 |
154,433 |
UAE |
1,200 |
2,073 |
3,688 |
China |
37,700 |
31,900 |
10,001 |
Germany |
2,113 |
2,612 |
2,783 |
France |
728 |
1,037 |
1,707 |
UK |
57,615 |
19,777 |
5,032 |
Hong Kong |
7,280 |
5,677 |
1,282 |
India |
3,075 |
11,605 |
4,477 |
Italy |
1,289 |
1,374 |
2,616 |
Saudi Arabia |
4,644 |
4,504 |
3,207 |
Turkey |
8,083 |
8,298 |
6,651 |
USA |
1,645 |
460 |
107,323 |
* Source: Swiss customs data for HS code 710812. Data subject to revision.