Swiss Data shows robust in Asian Gold demand

Published: Jun 23, 2017 13:50

Save

The most recent Swiss trade data suggest robust gold demand in Asian nations, reported Commerzbank in a snippet.

INDIA June 23 2017 11:03 AM

LONDON (Scrap Register): The most recent Swiss trade data suggest robust gold demand in Asian nations, reported Commerzbank in a snippet.

Switzerland has exported 170 tons of gold in May, the most so far this year. Seventy percent was shipped to Asia. This includes 67.8 tonnes shipped to India, the most since November 2015.

Part of this could be Indians moving ahead gold purchases because of a goods and services tax to be levied on the metal starting July 1, Commerzbank explains.

Meanwhile, Swiss exports to China and Hong Kong combined amounted to “only” 51.2 tons, less than last month. All in all, the Swiss data reflect robust Asian gold demand, Commerzbank concluded.

Gold prices

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

Feb 6, 2026 17:46

This Week, Platinum and Palladium Experienced Significant Pullbacks, End-Use Demand Recovered, and Spot Market Trading Was Normal [SMM Platinum and Palladium Weekly Review]

Feb 6, 2026 17:46

Feb 6, 2026 12:00

Silver Prices Continue to Pull Back, Suppliers Remain Reluctant to Sell, Spot Market Premiums Hard to Decline [SMM Daily Review]

Feb 6, 2026 12:00

Feb 6, 2026 09:27

A gold and silver reset, not a reversal

Gold and silver have recovered part of their recent losses following one of the sharpest corrections seen in precious metals in over a decade

Feb 6, 2026 09:27