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COVID keeps Swiss gold exports to India subdued in June

    LONDON, July 20 (Reuters) - Swiss exports of gold to India
edged higher in June, although they remained far below levels
earlier this year, and shipments to mainland China fell, Swiss
customs data showed on Tuesday. 
    China and India are the world's largest consumers of gold,
while Switzerland is the world's largest gold refining centre
and transit hub. 
    Swiss shipments to China and India plunged after the
coronavirus emerged last year, and exports to India, which were
averaging nearly 60 tonnes a month in the early part of the
year, have fallen again in recent months as the Delta variant of
the virus spread.
    
 
    With demand in Asia weak, more gold has flowed from
Switzerland to Britain and the United States, both large trading
and storage centres.     
    Following are numbers for June and comparisons. 
            
    SWISS TRADE DATA (KG)         
           EXPORT (kg)
   Jun-21           126,851
   May-21            82,315
   Jun-20            96,414
   
    SHIPMENTS TO KEY MARKETS (KG)      
           To China   To Hong    To India   To         To the
                      Kong                  Britain    U.S.
   Jun-21     19,000     12,749      6,292     38,396     28,199
   May-21     32,750      3,800      2,037     22,308      6,087
   Jun-20          0         10        900      4,234     68,265
 
        * Source: Swiss customs. Data subject to revision by
source.
    
    

    
 (Reporting by Peter Hobson; editing by David Evans)
  
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