According to the Korea Gold Exchange on October 24, 2026, prices for pure gold (24K), as well as 18K, 14K, platinum, and silver, all closed lower.

• ■ Gold Price (Pure Gold · 24K)
• Buy: 748,000 won (down 5,000 won from the previous day, -0.67%)
• Sell: 636,000 won (down 5,000 won from the previous day, -0.79%)

• ■ 18K · 14K Gold Prices
• 18K sell: 467,500 won (down 3,700 won from the previous day, -0.79%)
• 14K sell: 362,600 won (down 2,800 won from the previous day, -0.77%)

• ■ Platinum Prices (per don · 3.75g)
• Buy: 288,000 won (down 4,000 won from the previous day, -1.39%)
• Sell: 233,000 won (down 4,000 won from the previous day, -1.72%)

• ■ Silver Prices (per don · 3.75g)
• Buy: 9,640 won (down 70 won from the previous day, -0.73%)
• Sell: 8,020 won (down 60 won from the previous day, -0.75%)

■ Background of the Gold Price Decline: A Safe Asset Swaying Before Interest Rates

This decline in gold prices illustrates that gold's historic status as a 'safe asset' and its short-term market price are two different matters. Unlike stocks, gold does not entitle holders to a share of corporate profits, and unlike bonds, it does not pay regular interest. Therefore, when market interest rates remain high, the opportunity cost of holding gold can increase.

In particular, when rising international oil prices heighten inflation concerns, opposing forces can act on gold prices. Fears of inflation stimulate demand for gold as a store of value, while spreading expectations that price pressures will make it harder for central banks to cut rates weigh on gold prices. In this trading session, the latter factor was more prominent.

To understand why gold prices fell despite tensions in the Middle East and a sharp drop in tech stocks, one must look not only at geopolitical risks but also at interest rate outlooks and capital flows.

[This article is provided for informational purposes to aid investment reference and does not recommend the purchase or sale of any specific asset. Conditions may vary depending on market circumstances. Investment decisions and any resulting responsibility rest with the investor.]