China's Oct gold imports from Hong Kong highest in seven months

Bs_logoImage
Reuters SINGAPORE
Last Updated : Nov 27 2013 | 9:10 AM IST

SINGAPORE (Reuters) - China's net gold imports from Hong Kong hit the highest in seven months in October as the country bought more than 100 tonnes of gold for a sixth straight month to meet unprecedented demand for bullion.

China's net purchases from Hong Kong totalled 131.19 tonnes in October, up from 110.914 tonnes in September, according to data e-mailed to Reuters by the Hong Kong Census and Statistics Department.

The imports were the strongest since March when China, set to overtake India as the biggest gold consumer this year, bought a record 136.185 tonnes.

(Reporting by A. Ananthalakshmi; Editing by Himani Sarkar)

You’ve reached your limit of 10 free articles this month.
Subscribe now for unlimited access.

Already subscribed? Log in

Subscribe to read the full story →
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Nov 27 2013 | 8:51 AM IST