Gold price closes lower in Hong Kong

Hong Kong, March 15 (Xinhua) -- The gold price in Hong Kong closed at 12,175 Hong Kong dollars (about 1,550.96 U.S. dollars) per tael on Friday, down 27 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)