September 26 Gold Prices: Pure Gold Falls 5,000 Won to 818,000 Won… Strait of Hormuz '7-Day Plan' Emerges as Variable for Gold's Direction
According to domestic gold prices from Geumsise.com on September 26, the price of pure gold showed a slight decline. The purchase price of pure gold per don (3.75g) was 818,000 won, down 5,000 won from the previous day, while the selling price remained unchanged at 718,000 won. The price of 18K gol

According to domestic gold prices from Geumsise.com on September 26, the price of pure gold showed a slight decline. The purchase price of pure gold per don (3.75g) was 818,000 won, down 5,000 won from the previous day, while the selling price remained unchanged at 718,000 won.
The price of 18K gold was unchanged at 530,000 won when selling, and 14K gold also recorded the same price as the previous day at 412,000 won when selling.
Platinum showed an upward trend. Platinum per don (3.75g) rose 1,000 won from the previous day to 331,000 won when buying, and increased 2,000 won to 277,000 won when selling. Silver prices remained flat. Silver per don (3.75g) was 11,450 won when buying and 10,750 won when selling, with both the buying and selling prices identical to the previous day.
■ Strait of Hormuz '7-Day Plan'… A New Variable for Gold's Direction
Meanwhile, attention is focused on the Middle East situation, which could affect international gold prices. As Iran has presented the United States with concrete measures for normalizing passage through the Strait of Hormuz, whether tensions in the Middle East will ease has emerged as a new variable.
Iranian Foreign Minister Abbas Araghchi told reporters on the 25th (local time) at the United Nations headquarters in New York that Iran had conveyed to the United States, via Qatar, a '7-day plan' for resuming navigation through the Strait of Hormuz. He explained that if the conditions proposed by Iran are met, maritime traffic could be normalized within a week.
However, Minister Araghchi stressed that the U.S. response is important, while ruling out the possibility of concessions under external pressure.
As the Strait of Hormuz is a key route for international oil transportation, the resumption of passage could affect international oil prices and financial market movements. If tensions in the Middle East ease, demand for gold as a safe-haven asset could also change.
[This article is for informational purposes only and does not constitute a recommendation to buy or sell any specific security. The final judgment and responsibility for investments rest with the investor.]
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