Economy/Home · Economy

Today's Gold Prices (July 1): Pure Gold 1 Don Drops to 876,000 Won... Defending Downside Despite U.S. Stock Market Strength

According to the Korea Gold Exchange on July 1, 2026, prices of gold, including pure gold (24K), and platinum declined compared to the previous day. Based on bu

Oseong Kwon
Staff Reporter
4 min read
Today's Gold Prices (July 1): Pure Gold 1 Don Drops to 876,000 Won... Defending Downside Despite U.S. Stock Market Strength
CBC News

According to the Korea Gold Exchange on July 1, 2026, prices of gold, including pure gold (24K), and platinum declined compared to the previous day.

Based on buying prices, pure gold (24K) was priced at 876,000 won per 3.75g (1 don), down 0.46% (-4,000 won) from the previous day. The selling price stood at 726,000 won, down 0.28% (-2,000 won).

Based on selling prices, 18K gold fell by 0.26% (-1,400 won) to 533,700 won, and 14K gold dropped by 0.27% (-1,100 won) to 413,900 won. Platinum also showed a downward trend. The buying price of platinum fell 1.48% (-5,000 won) to 337,000 won, while the selling price declined 1.09% (-3,000 won) to 274,000 won.

Amid this trend, the U.S. stock market recorded its strongest rally since the pandemic in the second quarter, driven largely by artificial intelligence (AI)-related technology stocks.

On June 30 (local time), the New York stock market closed broadly higher as buying centered on technology stocks continued. The Dow Jones Industrial Average finished at 52,319.20, the Standard & Poor's (S&P) 500 Index at 7,499.36, and the Nasdaq Composite Index at 26,213.72.

In particular, growing expectations for increased AI investment boosted market sentiment, pushing the S&P 500 Index up approximately 15% and the Nasdaq up approximately 21% in the second quarter. These represent the highest quarterly gains since the second quarter of 2020, during the early stages of the pandemic. The Dow Index also rose approximately 9% in the first half of the year, showing its strongest performance in recent years.

The market analyzes that an environment of strengthening risk appetite can generally act as a burden on gold prices. This is because capital flowing into the stock market could relatively diminish the investment appeal of gold, a representative safe-haven asset.

Nevertheless, the gold market is defending its downside as demand for safe-haven assets persists in preparation for economic and geopolitical uncertainties.

[※ This article is not intended to solicit investment. All final investment decisions and responsibilities lie with the investor.]

Oseong Kwon
Staff Reporter

CBC Globe publishes verified stories with editorial review, source checks, and tenant-specific publication standards.