Gold Prices Fell Throughout March Despite US-Iran Tensions

Despite escalating military tensions between the United States and Iran, international gold prices showed a downward trend throughout March. The Strait of Hormuz remained closed, and this trend coincided with a rise in the dollar's value and concerns about increasing inflation. Statements from US President Donald Trump amplified market uncertainty, causing oil prices to surge while gold prices fell. This was the result of various factors acting in combination, including expectations of interest rate hikes, a strong dollar, and bond yields.

Ultimately, gold prices recorded a weekly decline in the last week of March, ending a five-week streak of weekly gains. US gold futures rose on the afternoon of the 24th but showed a weekly downturn. US gold futures for June delivery rose 0.4% to $4,741.30. Gold prices stood at $4,725.40 on the afternoon of the 24th at 5:39 PM (EST).

As of 0:00 on April 26, 2025, according to the Korea Gold Exchange, the price of pure gold (24K, 3.75g) is 980,000 won when buying and 820,000 won when selling. The price for 18K gold when selling is 602,700 won, and for 14K gold when selling is 467,400 won. Platinum is priced at 416,000 won when buying and 338,000 won when selling, while silver is 15,310 won when buying and 12,560 won when selling.