Swiss July gold exports steady month on month
LONDON, Aug 21 (Reuters) - Gold exports from Switzerland were broadly steady month on month in July as higher deliveries to the United States and India offset lower supplies to Britain and China, Swiss customs data showed on Thursday.
Switzerland is the world's biggest bullion refining and transit hub alongside Britain, which is home to the world's largest over-the-counter gold trading hub.
According to the Swiss data, gold exports to the U.S. jumped to 51.0 metric tons in July, the highest since March, from 288 kg in June, while supplies to India, which is a top bullion consumer along with China, rose to 13.0 tons from 3.0 tons.
Exports to the UK fell to 30.5 tons from 83.8 tons, while deliveries to China dropped to 9.9 tons from 16.7 tons.
Swiss total gold exports and supplies to key markets* (in kgs):
July 2025 | June 2025 | July 2024 | |
Total trade: | 129,058 | 129,538 | 106,612 |
- China | 9,871 | 16,659 | 10,000 |
- Emirates, Arab | 2,110 | 3,592 | 5,055 |
- France | 5,241 | 1,413 | 5,535 |
- Germany | 1,896 | 1,964 | 1,855 |
- Hong Kong | 3,308 | 945 | 205 |
- India | 12,989 | 2,951 | 35,096 |
- Italy | 1,552 | 1,423 | 1,883 |
- Saudi Arabia | 2,757 | 2,851 | 3,755 |
- Thailand | 2,800 | 1,428 | 750 |
- Turkey | 2,189 | 6,907 | 5,094 |
- United Kingdom | 30,508 | 83,830 | 24,619 |
- USA | 50,987 | 288 | 8,615 |
* Source: Swiss customs. Data subject to revision.
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