For the first 10 months of 2023, Russian gold producers shipped about $5.3 billion worth of gold to Hong Kong consumers. In annual terms, the volume of gold exports to this country increased by 625.8%, or 7.3 times, TASS reports.
In particular, in October alone, Russia exported about $987.6 million worth of the precious metal to Hong Kong consumers, an increase of 6.3 times, or 527.1%.
The volume of deliveries for October turned out to be higher than for the whole of 2022. Last year, Russian gold exports to Hong Kong amounted to just about $966.2 million.
According to TASS, Russian gold exports to Hong Kong this year reached the highest value in the last 11 years. The October result was also a record since 2012.
Alex Shishlo for Rough&Polished
