Visual Announces July Average Gold Market "Still Rising, Will Continue Rising This Year"
Aug 09, 2024
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According to the analysis results released this time, the average price in July was 449,800 won (3.75 g) when buying a pure gold. This is an increase of 12,240 won from the average in June. The average purchase price of pure gold in June was 437,560 won, and in January it was 369,000 won. Looking at the changes in the market price of gold (3.75g) per year, it rose 91,000 won (29.7%) per year from 306,000 won on July 31, 2023 to 397,000 won on July 31, 2024. Along with this rise in gold prices, the average mediating price for 18K in July was 288,580 won, while 14K was 223,804 won.
According to Visual, gold prices have been on solid gains due to factors such as the political situation in the U.S., de-dollarization, geopolitical uncertainty, and diversification of central banks. As precious metal prices approach record highs, precious metal prices will rise further in line with seasonal trends in the second half of 2024, Visual analyzed. "Investment funds will continue to flow into the gold market in anticipation of a rate cut by the end of the year," added CEO Visual Huff-il.
Visual analyzes and provides the average gold price according to data from the Korea Gold Exchange every month. All market prices are based on 10 a.m. on weekdays, and gold prices may change on the same day depending on domestic and foreign circumstances.
Meanwhile, visual-run jewelry platform Amonds will hold a 1018 gold days special exhibition focusing on gold products from the 10th to the 18th of this month. During the special exhibition period, an 18% discount coupon for gold products is provided.
bill1984@sportschosun.com
