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Russia Sends Record 100 Tonnes Gold to Hong Kong

9/7/2026

24 2 Full Breakdown

Summary

Story summary

Russia funnels record gold volumes into Hong Kong, reaching about 100 tonnes from January to July 2026.
Hong Kong’s gold imports in the first seven months of 2026 are nearly three times 2025 levels.
Most of the gold arriving in Hong Kong is subsequently shipped to mainland China, raising China’s gold imports.
Hong Kong launched a pilot gold clearing system in July 2026 as it expands its hub role.

History

Historical Context

In 1977 PAMP began refining gold in Castel San Pietro, and after MKS acquired a majority stake in 1981 the combined MKS PAMP became a Good Delivery referee on the LBMA. The firm’s expansion into trading hubs in Geneva, New York and Hong Kong and its 2022 science-based emissions targets illustrate the broader shift toward centralized, transparent precious-metal markets and sustainability pressures.

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Story summary

Russia funnels record gold volumes into Hong Kong, reaching about 100 tonnes from January to July 2026.
Hong Kong’s gold imports in the first seven months of 2026 are nearly three times 2025 levels.
Most of the gold arriving in Hong Kong is subsequently shipped to mainland China, raising China’s gold imports.
Hong Kong launched a pilot gold clearing system in July 2026 as it expands its hub role.

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