The gold price in Hong Kong moved up 65 HK dollars to close at 12,450 HK dollars per tael on Wednesday, according to the Chinese Gold and Silver Exchange Society. The price is equivalent to 1,346.75 U.S. dollars a troy ounce, up 7.03 U.S. dollars at the latest exchange rate of 1 U.S. dollar against 7.76 HK dollars.