The gold price in Hong Kong went down 60 HK dollars to close at 12,220 HK dollars per tael on Tuesday, according to the Chinese Gold and Silver Exchange Society. The price is equivalent to 1,323.57 U.S.dollars a troy ounce, down 6.5 U.S.dollars at the latest exchange rate of 1 U.S.dollar against 7.75 HK dollars.