Swiss gold exports drop 18% m/m in February
LONDON, March 19 (Reuters) - Gold exports from Switzerland in February fell 18% from the previous month to the lowest level since August as shipments to Britain and India slowed, Swiss customs data showed on Thursday.
Deliveries from Switzerland, the world's biggest bullion refining and transit hub, to the UK fell to 20 metric tons last month from 43 tons in January. The UK is home to the world's largest over-the-counter gold trading hub.
Supplies to India, a major bullion consumer, slowed to 13 tons in February from 23 tons with bullion trading at a discount in the local market amid subdued demand. GOL/AS
Swiss total gold exports and supplies to key markets(in kg):
February 2026 | January 2026 | February 2025 | |
Total trade | 105,835 | 128,225 | 207,326 |
UAE | 2,073 | 2,556 | 3,465 |
China | 31,900 | 23,005 | 0 |
Germany | 2,612 | 1,835 | 2,460 |
France | 1,037 | 16,417 | 1,404 |
UK | 19,777 | 42,812 | 26,115 |
Hong Kong | 5,677 | 2,497 | 217 |
India | 12,605 | 23,485 | 1,419 |
Italy | 1,374 | 542 | 2,315 |
Saudi Arabia | 4,504 | 2,920 | 1,675 |
Turkey | 8,298 | 5,631 | 8,152 |
USA | 460 | 161 | 152,434 |
Source: Swiss customs for HS code 710812. Data subject to revision.
