Switzerland exports more gold to China and India as price downturn bolsters demand

According to the Swiss Customs Office, Switzerland’s gold exports to key markets such as China and India increased in September. At the same time, exports to Turkey rose to their highest level since April 2013.

Gold prices fell from over $2,000 per ounce in March to around $1,650 per ounce. This has increased the demand for gold bars, gold coins, and gold jewelry in Asia.

The economic turmoil in Turkey has also boosted purchases of gold, which investors tend to view as a safe investment.

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