October 8 Gold Prices: Precious Metals Fall Across All Products

As of October 8, 2026, gold prices at the Korea Gold Exchange fell across all products. Pure gold declined in both buying and selling prices, and 18K and 14K gold prices also showed weakness. Silver and platinum likewise fell together.

Pure Gold (24K, 3.75g) Buying Price at 777,000 Won... Down 0.64%

According to the Korea Gold Exchange, the buying price of pure gold (24K, 3.75g) that day was 777,000 won, down 5,000 won from the previous day, a 0.64% decline. The selling price was 669,000 won, down 3,000 won from the previous day, a decline of 0.45%.

The 18K gold selling price was 491,800 won, down 2,200 won from the previous day, a 0.45% drop. The 14K gold selling price was 381,400 won, down 1,700 won, also a 0.45% decline.

Platinum Down 3.61%, Silver Down 1.57%

Platinum (3.75g) prices also fell. The buying price dropped 11,000 won from the previous day to 305,000 won, a 3.61% decline. The selling price was 247,000 won, down 10,000 won, a 4.05% drop.

Silver (3.75g) buying prices fell 170 won to 10,800 won, down 1.57%. The selling price was 8,980 won, down 150 won, a 1.67% decline.

Reasons for the Gold Price Drop: Surge in Treasury Yields + Strong Dollar

Behind the weakness in gold prices lies interest rate pressure from the United States. On the morning of the 8th, gold prices in international financial markets were once again put to the test. As U.S. Treasury yields surged and the dollar strengthened, gold—a representative safe-haven asset—could not escape downward pressure.

The fact that all three major New York stock indexes also fell that day under the burden of rising Treasury yields shows the market was driven by a single variable—interest rates—regardless of whether stocks or gold.

New York Stock Market Corrects After Record Highs

On October 7 (local time), the Dow Jones Industrial Average closed at 51,179.87, down 341.41 points, or 0.66%, from the previous trading day. The S&P 500 index finished at 7,801.77, down 17.16 points, or 0.22%, and the Nasdaq Composite closed at 27,538.69, down 61.20 points, or 0.22%.

Notably, the fact that the S&P 500 and Nasdaq corrected immediately after hitting record highs the previous trading day shows where market concerns intensified. As rising Treasury yields coincided with a stock market at elevated levels, valuation concerns came to the fore quickly, and investors moved to reduce some of their exposure to risk assets.

"Gold Is a Non-Interest-Bearing Asset"... Interest Rates as a Stronger Price Variable

The gold market was not free from this trend either. Typically, when stock markets weaken, gold often rises on safe-haven demand. However, in a market where Treasury yields and the dollar strengthen simultaneously, as on this day, the situation changes. This is because gold is an asset that pays no interest.

When Treasury yields rise, the opportunity cost of holding gold increases for investors. Within the same safe-asset category, U.S. Treasuries, which offer predictable interest income, become relatively more attractive. For this reason, the direction of interest rates can sometimes act as a stronger price variable in the gold market than geopolitical anxiety or stock market corrections themselves. When a strong dollar is added to the mix, the burden on gold prices grows even heavier.

[This article is for informational purposes regarding investment; investment decisions and any resulting responsibility rest with the investor.]