Thursday, September 5, 2013

China Import Gold from Hong Kong Climbed

Gold shipments to China from Hong Kong increased in July as importers took advantage of local prices that were an average 2.1 percent higher than global markets and as mainland investors bought jewelry and coins.
Mainland buyers purchased 129 tons in July, including scrap, compared with 113 tons in June, data from the Hong Kong government showed today...

China’s purchases in July were 70 percent higher than the 75.8 tons in the same month last year, according to the data from the Hong Kong Census and Statistics Department. Mainland China doesn’t publish such data.

Exports of gold to Hong Kong from China were 16 tons in July, according to a separate Statistics Department statement, compared with 11.7 tons in June and 30 tons in July 2012.

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