The gold price in Hong Kong moved up 148 HK dollars to close at 12,248 HK dollars per tael on Friday, according to the Chinese Gold and Silver Exchange Society. The price is equivalent to 1,326.61 U.S. dollars a troy ounce, up 16.03 U.S. dollars at the latest exchange rate of 1 U.S. dollar against 7.75 HK dollars.