On November 2, 2026, domestic gold prices in South Korea rose across the board, from pure gold to 18K, 14K, platinum, and silver. Markets are watching the upcoming U.S. midterm elections as a new variable.

▲ Pure Gold Prices According to domestic gold prices released by GoldPrice.com (geumsise.com) as of November 2, pure gold per don (3.75g) was quoted at 736,000 won for buying and 642,000 won for selling. Compared to the previous day, the buying price rose by 11,000 won and the selling price by 2,000 won.

▲ 18K and 14K Prices The 18K gold price was recorded at 474,000 won per don for selling, up 2,000 won from the previous day. The 14K gold price also rose 1,000 won from the previous day to 368,000 won for selling. Meanwhile, product prices apply to the buying prices of 18K and 14K.

▲ Platinum and Silver Prices Platinum per don (3.75g) was quoted at 267,000 won for buying and 222,000 won for selling. Both the buying and selling prices rose 2,000 won compared to the previous day.

Silver prices per don (3.75g) stood at 8,750 won for buying and 8,350 won for selling. The buying price rose 200 won from the previous day, while the selling price remained unchanged.

▲ U.S. Midterm Elections: A Variable for Gold's Direction As the U.S. midterm elections approach, they are expected to become a new variable for international financial markets. In particular, future movements in U.S. Treasury yields and the value of the dollar are cited as key factors that will influence international gold prices. Accordingly, attention is needed on market volatility around the U.S. midterm elections for the time being.

[※ This article is for reference only in making investment decisions, and the final responsibility for investments lies with the investor.]