South Korea's Gold Trading Halves in a Month as KRX Prices Fall 29.7%

According to Korea Exchange, on July 26, average daily trading volume in KRX gold spot market (99.99% purity, 1 kg unit) dropped 49% month-over-month to 239,116 grams, while daily transaction value fell 51.5% to 47.09 billion won. Gold prices declined to 189,810 won on July 24, down 29.7% from the January 29 peak of 269,810 won. The decline reflects weakened investment sentiment amid U.S. tightening concerns and reduced demand from Chinese individual investors, who drove gold appreciation last year.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments