Shanghai Gold Exchange Withdrawals Fall in June

Shanghai Gold Exchange Withdrawals.

Shanghai Gold Exchange June withdrawals were 138.5 Tonnes.

June 2016 gold withdrawals were 29.2% lower compared to 195.672 tonnes withdrawn in June 2015.

Through June 2016, withdrawals were 17% lower than 2015 withdrawals through June, but ahead of 2014 withdrawals through June.

Hong Kong gold kilobar withdrawals were about 80 tonnes in May 2016 and 1,262 tonnes since March 2015.

Buy Gold Online

Shanghai Gold Exchange

The Shanghai Gold Exchange (SGE) withdrawals of 138.5 tonnes of gold during the month of June 2016 were down 29.2% from withdrawals of 195.672 tonnes in June 2015 and up 8.2% from June 2014 withdrawals of 128 tonnes.

Earlier this week we reported that the People’s Bank of China added 15 tons gold to its reserves in June.

Shanghai Gold Withdrawals 2013 -2016

Shanghai gold exchange monthly withdrawals Jan 2013 -June 2016

Shanghai Gold Exchange withdrawals in 2015 were 2,597 tonnes. Through June 2016, SGE withdrawals are 974 tonnes, or 17% lower than 1178 tonnes withdrawn through June 2015.

Sign Up For Updates Here!

June 2016 Shanghai Gold Exchange Withdrawals vs. Prior Years

june gold withdrawals SGE 2008 -2016

Gold withdrawals on the Shanghai Gold Exchange were the third largest ever for the month of June.

2016 Shanghai Gold Exchange Withdrawals Year To Data vs. Prior Years

hanghai Gold Exchange Through June 2008 -2016

Through June 2016, SGE withdrawals were 974 tonnes, or 17% lower than 1178 tonnes withdrawn through June 2015.

2016 Shanghai Gold Exchange Withdrawals 2008 -2015

Shanghai gold exchange final 2105 vs 2009 - 2014

Withdrawals on the Shanghai Gold Exchange in 2015 were 23.5% higher than 2014 and 19.07% higher than prior record year 2013.

You can compare pricing and shipping charges on American Gold Eagles coins of all sizes at these web sites:
Golden Eagle Coins
JM Bullion
Money Metals Exchange

Buy American Gold Eagle Coins

COMEX Hong Kong Gold Kilobar Withdrawals Through June 2016

The Chicago Mercantile Exchange futures contract for Hong Kong Kilobars has experienced withdrawals of an average of more than five tons of gold a day since it began in mid March 2015. As of July 5, 2016, over 1,302 tonnes of gold have been withdrawn pursuant to this program since March 2015 for an annualized run rate of about 1,000 tonnes of gold a year.

Hong Kong Kilo bars July 5 2016

Hong Kong kilo bar withdrawals have topped 1,300 tonnes since March 2015.

2015 Shanghai Gold Exchange Withdrawals vs. COMEX 2015 Gold Deliveries

The chart below demonstrates the difference between the Shanghai Gold Exchange and the COMEX gold futures market. The former is a physical gold market while the latter is a paper/digital contract market where physical gold delivery is rarely made.

Just over 43 tonnes of gold were delivered on COMEX in 2015 (through November).

Shanghai Gold Exchange vs Comex in 2015

Average weekly Shanghai Gold Exchange withdrawals in 2015 were 49.94 tonnes vs 43.54 tonnes delivered all year on COMEX.

Sign Up For Updates Here!

Buy Silver Chinese Panda Coins

*Hong Kong Kilo Bar chart courtesy of Sharelynx where you will find the most extensive collection of precious metals charts available on the web. For a limited time you can check out Nick’s entire collection for free by clicking here.

Data Source – All Shanghai Gold Exchange withdrawal data courtesy of Nick Laird of Sharelynx who sources it directly from the People’s Bank of China’s Chinese language web site.

If you have enjoyed this report, please consider sharing it, buying your precious metals through the Smaulgld affiliates linked to on this site* and subscribing (for free) to

Get Free Updates From

Subscribe to and get the free In Case You Missed Itweekly email as well as updates and analysis on gold, silver, real estate and the economy.

Also get the free report “Twelve Key Differences Between Gold and Silver” when you subscribe.

Subscribe to to receive free gold and silver updates, news and analysis.

Buy American Gold Buffalo Coins

Further Reading:

Shanghai Gold Exchange Withdrawals (weekly/monthly archive)

Chinese Gold Reserves (monthly archive)

China Devalues the Yuan

Comex Gold Deliveries vs the Shanghai Gold Exchange

Gold Continues its Journey From West To East

Shanghai Gold Exchange vs Comex Gold Deliveries

Gold ETF Holdings vs the Shanghai Gold Exchange

China and Gold

India and Gold

Russia and Gold

Gold and Silver Price Manipulation – Suspected

Gold and Silver Price Manipulation – Actual

Gold Reserves by Country – Top Twenty

Gold Moves West to East Part 1

Gold Moves West to East Part 2

Gold ETF Holdings on the Rise

Chinese vs. United States Gold Demand

Chinese Gold Production

China Hoards its Gold Production

Please visit the Smaulgld Store for a large selection of recommended Kindles, books, music, movies and other items.

You can support by making all your Amazon purchases through the search widget below and by ordering your gold and silver by clicking on the JM Bullion, BGASC, Goldbroker, Golden Eagle Coin, Perth and Royal Canadian Mint ads on the site.

DISCLOSURE: Smaulgld provides the content on this site free of charge. If you purchase items though the links on this site, Smaulgld LLC. will be paid a commission. The prices charged are the same as they would be if you were to visit the sites directly. Please do your own research regarding the suitability of making purchases from the merchants featured on this site.

Chart Disclaimer: Information presented here has been obtained from a third party and is presented for information purposes only. Smaulgld can not and does not guarantee the accuracy or timeliness of the data displayed on this site and therefor the data provided should not be used to make actual investment decisions. You should always consult a professional investment adviser before investing in precious metals or any type of investment. You acknowledge that Smaulgld assumes no responsibility for the integrity of data on this site.

The content provided here is for informational purposes only. Making investment decisions based on information published by Smaulgld (SG), or any Internet site, is not a good idea. Accordingly, users agree to hold SG, its owner and affiliates, harmless for all information presented on the site. SG presents no warranties. SG is not responsible for any loss of data, financial loss, interruption in services, claims of libel, damages or loss from the use or inability to access SG, any linked content, or the reliance on any information on the site.

The information contained herein does not constitute investment advice and may be subject to correction, completion and amendment without notice. SG assumes no duty to make any such corrections or updates. As with all investments, there are associated risks and you could lose money investing. Prior to making any investment, a prospective investor should consult with its own investment, accounting, legal and tax advisers to evaluate independently the risks, consequences and suitability of that investment. SG disclaims any and all liability relating to any investor reliance on the accuracy of the information contained herein or relating to any omissions or errors and as such disclaims any and all losses that may result.

Post Navigation