Gold price closes lower in Hong Kong

Hong Kong, March 20 (Xinhua) -- The gold price in Hong Kong closed at 12,200 Hong Kong dollars (about 1,554.14 U.S. dollars) per tael on Wednesday, down 18 Hong Kong dollars from the previous trading day, according to the Chinese Gold and Silver Exchange Society. (1 U.S. dollar equals 7.85 HK dollars)