Swiss gold exports to India plunged in May as coronavirus cases surged
Switzerland is the world’s largest gold refining centre and transit hub. Its numbers provide an insight into global market trends. Demand for gold in India and China plunged when the pandemic began last year, closing jewellery outlets and hurting incomes. The Indian market began to recover quickly, but Chinese imports of gold rebounded only in recent months. Following are numbers for May and comparisons.
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