Swiss gold exports to China and India rise as prices fall

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LONDON: Swiss gold exports to top markets China and India increased in September, while shipments to Turkey rose to the highest since April 2013, Swiss customs data showed on Thursday.

 

A decline in gold prices from more than $2,000 an ounce in March to around $1,650 has boosted demand for gold bars, coins and jewellery in Asia, where buyers typically take advantage of low prices.

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Economic turbulence in Turkey has also encouraged buying of the metal, which is often seen by investors as a safe way to store more money.

 

Switzerland is the world’s biggest refining and transit hub for gold. Following are data and comparisons.

Source: CNA