The gold price in Hong Kong went down 96 HK dollars to close at 11,970 HK dollars per tael on Tuesday, according to the Chinese Gold and Silver Exchange Society. The price is equivalent to 1,296.50 U.S. dollars a troy ounce, down 10.40 U.S. dollars at the latest exchange rate of 1 U.S. dollar against 7.75 HK dollars.