Gold price closes lower in Hong Kong

HONG KONG, Jan. 16 (Xinhua) -- The gold price in Hong Kong closed at 12,498 Hong Kong dollars (about 1,597.23 U.S. dollars) per tael on Tuesday, down 20 Hong Kong dollars from the previous trading day, according to the Chinese Gold and Silver Exchange Society. (1 U.S. dollar equals to 7.82 HK dollars)