Week 41 Shanghai Gold Exchange Physical Delivery
We saw a little rise in the premium on SGE spot gold, on 11 October it was 1.5 % over the international price. This week we saw premiums in India rising significantly, next friday we’ll know if the same happened on the SGE.
Year to date physical delivery, which equals Chinese gold demand, is an incredible 1709 tons, net import is over 1000 tons.Overview:
– 47 metric tonnes delivered in week 41 (left the SGE vaults), 30-09-2013/11-10-2013
– w/w – 5.8 %
– 1709 metric tonnes delivered year to date
– weekly average 41.7 tonnes YTD, 2013 estimate yearly total 2125 tonnes.
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