According to gold prices released by the Korea Gold Exchange on October 10, pure gold (24K), as well as 18K, 14K, platinum, and silver prices all rose from the previous day.

■ Gold Prices... Pure Gold (24K) Purchased at 795,000 Won

Pure gold (24K) per don (3.75g) was purchased at 795,000 won, up 3,000 won (0.38%) from the previous day. The selling price was 682,000 won, up 6,000 won (0.88%) from the previous day.

The 18K gold price, per don (3.75g), rose 4,400 won (0.88%) from the previous day to 501,300 won when sold, and the 14K gold price also rose 3,400 won (0.87%) from the previous day to 388,800 won when sold.

■ Platinum and Silver Prices Also on the Rise

Platinum per don (3.75g) was purchased at 317,000 won, up 3,000 won (0.95%) from the previous day, and sold at 257,000 won, up 2,000 won (0.78%). The platinum selling price is based on the company's own platinum bars.

Silver per don (3.75g) was purchased at 11,020 won, up 130 won (1.18%) from the previous day, and sold at 9,170 won, up 110 won (1.20%) from the previous day.

■ Key Variable for International Gold Prices: 'Fed's Rate Decision'

Attention is focused on the future interest rate decisions of the U.S. Federal Reserve (Fed) as a variable that could influence international gold prices.

The minutes of the September Federal Open Market Committee (FOMC) meeting, released by the Fed on the 7th (local time), showed that the possibility of an additional rate hike within the year remains valid. A considerable number of meeting participants favored raising the benchmark rate once more before the end of this year.

However, opinions among committee members varied regarding the rate hike decision, and it was understood that no consensus was formed on the need for immediate action at the meeting to be held on the 27th and 28th of this month.

[This article is for investment reference purposes only, and investment decisions and their associated responsibilities lie with the investor.]