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China Gold Imports Drop as Local Discount Curbs Shipments

China’s gold imports from Hong Kong dropped in March as local prices fell below the international benchmark in London for the first time in more than a year.

Net imports totaled 80.6 metric tons last month, compared with 111.4 tons in February and a record 130 tons a year earlier. Exports to Hong Kong from China rose to 25.3 tons in March from 15.8 tons in February.