According to gold prices released by the Korea Gold Exchange on October 31, 2026, precious metals fell across the board, including pure gold (24K), 18K, and 14K, as well as platinum and silver. In particular, pure gold prices dropped in both purchase and sellback prices, showing a weak trend across the precious metals market.

■ Pure Gold 1 Don Purchase Price at 731,000 Won... Down 20,000 Won from Previous Day

According to the Korea Gold Exchange, the purchase price of pure gold 1 don (24K, 3.75g) was 731,000 won, down 20,000 won from the previous day, a change of -2.74%. The sellback price was 626,000 won, down 16,000 won from the previous day, recording a change of -2.56%.

■ 18K and 14K Sellback Prices Also Fall Together

The 18K gold price also showed weakness. The sellback price of 18K 1 don (3.75g) was 460,200 won, down 11,700 won from the previous day, a change of -2.54%.

The 14K gold price also continued to decline. The sellback price of 14K 1 don (3.75g) was 356,900 won, down 9,100 won from the previous day, a change of -2.55%.

■ Platinum and Silver Prices Also Fall

The purchase price of platinum 1 don (3.75g) was 268,000 won, down 2,000 won from the previous day, a change of -0.75%. The sellback price was 217,000 won, down 2,000 won from the previous day, recording a change of -0.92%.

The purchase price of silver 1 don (3.75g) was 8,860 won, down 270 won from the previous day, recording a change of -3.05%. The sellback price was 7,530 won, down 230 won from the previous day, a change of -3.05%.

■ International Gold Market Focuses on U.S. Inflation Data and Fed Rate Decisions

Attention in the international gold market is turning to U.S. inflation indicators and the Federal Reserve's (Fed) upcoming interest rate decisions. Uncertainty surrounding the U.S. interest rate outlook also persists. Along with the recent decline of major tech stocks, U.S. inflation trends have emerged as a key variable in the gold market.

The September PCE price index announced by the U.S. Department of Commerce on the 29th (local time) rose 3.6% year over year, 0.1 percentage point lower than the 3.7% expected by market experts. The month-over-month increase was 0.5%, in line with market forecasts. However, compared to the 0.3% month-over-month rise in August, the pace of increase widened by 0.2 percentage points.

This inflation indicator simultaneously shows factors that could affect the gold market in different directions. The fact that the year-over-year rate came in below market expectations can be interpreted as a factor easing pressure for further rate hikes. On the other hand, the widening month-over-month price increase could support the judgment that inflation remains at a level that warrants vigilance.

The Fed maintained its benchmark rate target range at 3.75% to 4.00% per year at the Federal Open Market Committee (FOMC) meeting on the 28th. The Fed assessed that economic activity continues to expand at a solid pace, but inflation remains at an elevated level. In particular, with additional inflation and employment data to be released ahead of the December FOMC potentially changing the rate outlook, attention is also focused on the future movement of international gold prices.

[※ This article explains factors that may affect the gold market based on U.S. stock market closing prices and released economic indicators, and does not predict the price rise or fall of specific assets or recommend investment. Gold prices may fluctuate depending on exchange rates, government bond yields, geopolitical situations, and investment supply and demand.]