The gold price in Hong Kong went up 50 HK dollars to open at 11,950 HK dollars per tael on Wednesday, according to the Chinese Gold and Silver Exchange Society. The price is equivalent to 1,292.66 U.S. dollars a troy ounce, up 5.41 U.S. dollars at the latest exchange rate of 1 U.S. dollar against 7.761 HK dollars.