Shanghai Gold Exchange Physical Delivery Week 43

Physical gold withdrawn from the SGE vaults was 33 tons last weeks (21-10-2013/25-10-2013), down 18 % from a week earlier. Premiums also came down, on 21 October the price of gold (Au99.95) on the SGE was 0,8 % over the international price, on 25 October it was 0,09 %. This is remarkable because premiums in India were as high as $120 per troy ounce over the week.

Overview:

– 33 metric tonnes delivered in week 43 (withdraws from the SGE vaults), 21-10-2013/25-10-2013
– w/w – 18 %
– 1783 metric tonnes delivered year to date
– weekly average 41,4 tonnes YTD, 2013 estimate yearly total 2115 tonnes

Source: SGE, USGS

For more information on SGE delivery read this and this, on it’s relation to Chinese gold demand read this.

Screen dump from SGE trade report; the second number from the left (本周交割量) is weekly physical delivery, the second number from the right (累计交割量) is total delivery YTD.

Screen dump of premium section; the first column is the date, the third the international gold price in yuan, the fourth is the SGE price, and the last is the difference.

In Gold We Trust