Domestic Gold Prices Flat, Pure Gold 3.75g Priced at 999,000 Won

Domestic gold prices are maintaining high levels, continuing in a similar price range without significant fluctuations. Today (18th), according to the Korea Gold Exchange, the price to buy 3.75g (approx. 1 don) of pure gold was 999,000 won, down 1,000 won from the previous day, while the selling price was 834,000 won, showing no change. Prices for 18K gold remained at 613,000 won and for 14K gold at 475,400 won. In recent days, domestic gold prices have been trading around the 1 million won mark, indicating a period of short-term adjustment.

On this day, platinum prices fell slightly to 432,000 won, and silver prices showed an upward trend at 16,240 won. International gold prices traded at around $4,837.490 per ounce. Following a recent uptrend, gold entered a consolidation phase, though global gold prices remain high, supported by a sustained bullish trend week-over-week and year-over-year. International spot prices also showed a short-term correction after rising mid-week, but the overall trend remains strong.

Domestic prices are being maintained at high levels due to a combination of factors including the impact of rising international gold prices, exchange rates, and distribution costs. The gold market is showing signs of pausing at its peak amid investor caution, with preference for safe-haven assets acting as a supporting factor for prices.