Shanghai Gold Exchange Withdrawals in 2017 were 2030 Tons.
Shanghai Gold Exchange Withdrawals rose 10% in 2017 to 2,030 tons up from 1,845 tons in 2016.
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Shanghai Gold Exchange
The Shanghai Gold Exchange (SGE) withdrawals of 185.208 tons of gold in December 2017 were down 5.6% from withdrawals of 196.368 tons in December 2016.
Withdrawals on the Shanghai Gold Exchange are often considered a good proxy for the level of physical gold demand in China.
The Peoples Bank of China has slowed its gold purchases recently. In November and December the PBOC added no gold to its reserves.
The PBOC reported adding no gold to reserves from October 2016 -December 2017
Shanghai Gold Exchange Monthly Withdrawals 2008 -2017*
Shanghai Gold Exchange Withdrawals in December 2008 – 2017
Shanghai Gold Exchange Withdrawals vs COMEX Deliveries
Two Week Withdrawals on the Shanghai Gold Exchange in September 2015 vs. Comex 2014
Shanghai Gold Exchange Withdrawals vs COMEX Gold Deliveries
COMEX TRADERS STANDING FOR DELIVERY?
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SD Bullion
Money Metals Exchange
Shanghai Gold Exchange Withdrawals 2008 – 2017
Since 2008 through December 2017, 15,059 tons of gold have been withdrawn from the Shanghai Gold Exchange.
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*Data Source – All Shanghai Gold Exchange withdrawal data courtesy of Nick Laird of Goldchartsrus who sources it directly from the People’s Bank of China’s Chinese language web site.
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