Gold price opens lower in Hong Kong

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The gold price in Hong Kong went down 770 HK dollars to open at 12,380 HK dollars per tael on Tuesday, according to the Chinese Gold and Silver Exchange Society.

The price is equivalent to 1,339.18 U.S. dollars a troy ounce, down 83.29 U.S. dollars at the latest exchange rate of one U.S. dollar against 7.761 HK dollars.