LONDON, June 4 (Reuters) - Swiss gold exports fell in
April from March as higher supplies to India and Turkey were
offset by lower deliveries to China and Hong Kong, customs data
showed.
Switzerland is the world's biggest bullion refining and
transit hub while China and India are the largest consumer
markets, where local demand depends on the season and is
sensitive to high gold prices.
Swiss gold exports to India jumped month on month and year
on year to the highest since February, when local jewellers
stocked up for the wedding season.
SWISS TOTAL GOLD EXPORTS (in kgs)*
EXPORT
April 2024 123,590
March 2024 146,816
April 2023 113,368
EXPORTS TO KEY MARKETS (in kgs)
To China To Hong Kong To India To Turkey
April 2024 36,541 7,710 24,588 9,952
March 2024 71,405 10,173 6,595 7,387
April 2023 52,734 5,088 7,024 1,508
* Source: Swiss customs. Data subject to revision.
(Reporting by Polina Devitt; Editing by Kirsten Donovan)