China's gold imports from Hong Kong rose to 77.628 tonne in October

In October, demand rose for jewellery and bars in gold
China's gold imports from Hong Kong rose to 77.628 tonne in October

China's gold imports from Hong Kong reached a seven-month high in October owing to demand for jewellery and bars, says a report.

Net imports to the mainland rose to 77.628 tonne in October from 68.641 tonne in September, says a report. The report further adds that total imports from Hong Kong increased to 111.409 tonne last month, from 91.745 tonne in September. However, Chinese appetite for gold has dropped after last year's buying frenzy as consumers have become more careful of falling prices.


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