ML-Implode News - Gold Deliveries From Shanghai Bourse Jump on Physical Demand

The Shanghai Gold Exchange supplied 1,098 metric tons in the six months through June, compared with 1,139 tons for the whole of last year, according to data from the bourse today. Output in China, the world's largest gold producer, reached a record 403 tons last year, according to the China Gold Association.
The surge in deliveries underscores buying interest in China, which may pass India as the largest bullion consumer as early as this year after the government in New Delhi raised import taxes while regulators in Beijing made investing in the metal easier. Miners, smelters and refineries are required to sell gold via the Shanghai bourse, the only state-sanctioned marketplace for spot bullion in China.

Relevant:

Gold Deliveries From Shanghai Bourse Jump on Physical Demand