TNAG-1267-FCO40-1616-Economic-situation-in-Hong-Kong-1983 — Page 349

3.14

Chinese Gold and

Having risen to

The tael price of gold on the

Silver Exchange showed a similar pattern.

HK$3,956 per tael on 16th February, the price plunged to

HK$3,196 on 1st March a fall of HK$760 in two weeks. It

then fluctuated between HK$3,200 and HK$3,450, before closing

the month at HK$3,313, 5.1% lower than at the end of 1982.

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