Gold price closes lower in Hong Kong

HONG KONG, May 21 (Xinhua) -- The gold price in Hong Kong closed at 12,022 Hong Kong dollars (about 1,531.46 U.S. dollars) per tael on Monday, down 66 Hong Kong dollars from the previous trading day, according to the Chinese Gold and Silver Exchange Society. (1 U.S. dollar equals to 7.85 HK dollars)