Domestic Gold Trading Volume Surpasses 1 Ton for First Time... Gold Prices Hit Record High

As international gold prices continue to soar, the daily trading volume of gold on the Korea Exchange (KRX) gold market surpassed 1 ton for the first time ever on September 9.

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The Korea Exchange announced that the trading volume on the KRX gold market reached 1.093 tons on this day, marking the highest level since the market was established in March 2014. This daily trading volume is 3.5 times higher than this year’s average daily gold trading volume of 313 kilograms. The total value of gold traded on this day also hit an all-time high of 179.4 billion won, while the closing price for the 1-kilogram gold product set a new record at 167,740 won per gram. The previous record high was 163,530 won per gram, set on February 14.

The exchange explained that the sharp increase in gold trading volume was driven by a preference for safe-haven assets amid rising international gold prices, which have been fueled by expectations of global interest rate cuts and ongoing gold purchases by central banks around the world.

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