28 Apr 2015
China's gold imports from Hong Kong dipped to 7-month low - Reuters
FXStreet (Mumbai) - China's gold imports from Hong Kong dipped to their lowest level in seven months in March, data showed on Tuesday, as demand eased in the world's second-biggest consumer.
Net gold imports from main conduit Hong Kong dropped to 66.363 tonnes from 67.575 tonnes in February, according to data reported by the Hong Kong Census and Statistics Department.
Last month's imports were the lowest since August 2014.
Earlier today, the China Gold Association said Chinese gold consumption remained broadly stable in the first quarter, up just 1 percent from a year earlier at 326.68 tonnes.
Gold imports into China have also been kept down by adequate inventory on the mainland.
China does not provide official trade data on gold, so the Hong Kong figures serve as a proxy for flows to the mainland.
Net gold imports from main conduit Hong Kong dropped to 66.363 tonnes from 67.575 tonnes in February, according to data reported by the Hong Kong Census and Statistics Department.
Last month's imports were the lowest since August 2014.
Earlier today, the China Gold Association said Chinese gold consumption remained broadly stable in the first quarter, up just 1 percent from a year earlier at 326.68 tonnes.
Gold imports into China have also been kept down by adequate inventory on the mainland.
China does not provide official trade data on gold, so the Hong Kong figures serve as a proxy for flows to the mainland.