Economy/Home · Economy

Gold Prices 'Rebound'... Full Summary of Pure Gold, Platinum, and Silver Prices for September 16

As of September 16, 2026, according to Gold Price.com, domestic gold prices in South Korea showed an across-the-board rise for all reported items, including pure gold, 18K and 14K, platinum, and silver. ■ Today's Gold Price Movements - Pure gold (3.75g): selling price 720,000 won (up 5,000 won), bu

Oseong Kwon
Staff Reporter
3 min read
Gold Prices 'Rebound'... Full Summary of Pure Gold, Platinum, and Silver Prices for September 16
CBC News

As of September 16, 2026, according to Gold Price.com, domestic gold prices in South Korea showed an across-the-board rise for all reported items, including pure gold, 18K and 14K, platinum, and silver.

  • ■ Today's Gold Price Movements
  • Pure gold (3.75g): selling price 720,000 won (up 5,000 won), buying price 833,000 won (up 13,000 won)
  • 18K: selling price 532,000 won (up 4,000 won)
  • 14K: selling price 413,000 won (up 3,000 won)

■ Platinum and Silver Prices Also Strong Platinum rose 6,000 won to a selling price of 281,000 won, while its buying price increased 7,000 won to 336,000 won. Silver rose 200 won to a selling price of 10,950 won, and its buying price climbed 400 won to 11,650 won.

■ Fed's FOMC Rate Decision in Focus Meanwhile, the U.S. Federal Reserve (Fed) is set to hold a Federal Open Market Committee (FOMC) meeting to decide the benchmark interest rate. Markets are currently mentioning the possibility of a rate hike, so financial markets are focused on the outcome of this meeting and the Fed's signals regarding future monetary policy.

If U.S. interest rates are raised, it could put short-term pressure on gold prices. In particular, if expectations of a benchmark rate hike lead to rising U.S. Treasury yields and a stronger dollar, international gold prices could face additional downward pressure.

[This article is for reference only in making investment decisions, and responsibility for investments lies with the investor.]

Oseong Kwon
Staff Reporter

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