Gold price closes higher in Hong Kong

File photo shows gold bars with the inscription of "Chinese gold". (Photo courtesy of World gold Council)

The gold price in Hong Kong closed at 12,100 Hong Kong dollars (about 1,541.40 U.S. dollars) per tael on Friday, up 80 Hong Kong dollars from the previous trading day, according to the Chinese gold and Silver Exchange Society. (1 U.S. dollar equals to 7.85 HK dollars)