KRX Gold Market Surpasses 20 Tons in Trading Volume... More Than Doubled in One Year

Transaction volume reaches 1.3825 trillion won... increased 3.1 times in one year

[Asia Economy Reporter Minwoo Lee] The annual trading volume of the Korea Exchange (KRX) gold market has surpassed 20 tons. This means it has doubled last year's trading volume of 10 tons in just nine months.

The Korea Exchange announced on the 22nd that the annual trading volume of the KRX gold market reached 20.01 tons. The transaction amount reached 1.3825 trillion KRW. If this amount were made into 1-don gold rings, it would be enough to give 18 rings each to 303,000 newborns last year.

The KRX gold market is experiencing rapid growth. Both trading volume and transaction amount increased by 2.5 times and 3.1 times respectively compared to the same period last year. This marks more than double growth for two consecutive years. The number of KRX gold market accounts also increased to 404,393 as of the end of last month, which is 2.2 times more than 182,421 accounts at the end of last year. This is based on the number of entrusted accounts from 8 out of 10 securities firms participating in the KRX gold market that provided data. Compared to over-the-counter markets (offline physical markets) and overseas exchanges, this is considered an exceptionally high growth rate.

Annual Trends of Trading Volume and Trading Value in KRX Gold Market (Provided by Korea Exchange)

The exchange explained, "The rapid growth of the market is due to the spread of the KRX gold market's advantages such as changes in investors' perception of gold, high trading safety, low transaction costs, various tax benefits, and trading convenience, especially among young investors in their 20s and 30s."

This content was produced with the assistance of AI translation services.