Shanghai Gold Exchange Withdrawals.
Shanghai Gold Exchange withdrawals were 40.94 tonnes of gold during the week ended December 31, 2015./h2>
Total gold withdrawals on the Shanghai Gold Exchange in 2015 were 2,597 tonnes.
Average Shanghai Gold Exchange weekly withdrawals in 2015 (49.94 tonnes) were higher than total 2015 COMEX gold deliveries (43.54 tonnes).
Withdrawals pass 2013’s annual record of 2,197 tonnes by 400 tonnes.
Hong Kong gold kilobar withdrawals pass 946 tonnes in 2015.
Combined Shanghai Gold Exchange and Hong Kong Kilobar Withdrawals in 2015 were over 3,540 tonnes
Shanghai Gold Exchange
The Shanghai Gold Exchange (SGE) delivered 40.94 tonnes of gold during the week ended December 31, 2015. During prior trading week ended December 24, 2015, the SGE withdrawals were 52.827 tonnes of gold.
Average weekly withdrawals on the Shanghai Gold Exchange in 2015 were 49.94 tonnes.
Year to Date Weekly Shanghai Gold Exchange Withdrawals Through December 31, 2015
Shanghai Gold Exchange withdrawals in 2015 were 2,597 tonnes
2015 Withdrawals vs. Prior Years
Withdrawals on the Shanghai Gold Exchange in 2015 were 23.5% higher than last year and 19.07% higher than prior record year 2013.
COMEX Hong Kong Gold Kilobar Withdrawals Through December 29, 2015
The Chicago Mercantile Exchange futures contract for Hong Kong Kilobars has experienced withdrawls of an average of more than six tons of gold a day since it began in mid March earlier this year. As of December 29, 2015, over 945 tonnes of gold have been withdrawn pursuant to this program since March 2015 for an annualized run rate over 1,200 tonnes of gold a year.
Comex Hong Kong gold kilo bar withdrawals have passed 945 tonnes since March 2015.
2015 and November 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 have been delivered on COMEX in 2015 (through November).
Average weekly Shanghai Gold Exchange withdrawals in 2015 were 49.94 tonnes vs 43.54 tonnes delivered all year on COMEX.
Shanghai Gold Exchange Gold Fix Coming in 2016
Later this year a new Yuan based gold fix with be launched via the Shanghai Gold Exchange.
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