Net purchases declined to 66.8 tons from 68.2 tons in October and 87.2 tons a year earlier, according to data from the Hong Kong Census & Statistics Department compiled by Bloomberg.Read More
Based on unrounded data, the average daily gold production for U.S. mines was 622 kg in September 2015, about 607 kg in August 2015, and 567 kg for year-to-date 2015.
Total gold imports from January to November were at 43.98 tons, down significantly from 119.32 tons recorded for the corresponding period last year.
Gold jewellery exports were down 21.01% to $5.52 billion in the first eight months of FY 2016, while that of medallions & coins more than doubled to $3.68 billion in the same period.
Russia has so far added around 187 tons into its reserves this year. The November addition is Russia’s ninth straight month of increase.
During the first fortnight of this month, the tariff value on imported gold was fixed at $344 per 10 grams and on silver it was $461 per kg.
Silver imports declined by over 55% to $285.01 million in November this year from $643.71 million in the year-ago period.
Gross reserves also dipped to $45.14 billion from $46.051 billion previously. The forward position, which represents the central bank’s unsettled or swap transactions, was at $2.106 billion in November versus $2.228 billion.
The value of China’s gold reserves stood at $59.52 billion at the end of November, compared with $63.26 billion at the end of October, the People’s Bank of China (PBOC) said on its website.
Production of gold during the period from January to October, however, rose 0.8% to 115328 kg as against the production of 114364 kg in the same period last year.