Gold price in S. Korea closes at US$ 61.28, biggest daily drop since KRX market opened

2020-08-12 11

국제 금값 하락에…KRX 금값도 6% 급락

Gold prices in South Korea have dropped sharply in line with prices on the international market.
On Tuesday, the price of gold was down six percent at around 61 U.S. dollars a gram.
This is the biggest daily drop since 2014 when the Korea Exchange market for gold was first established.
The drop is due to rising optimism on positive vaccine news, including the recent development in Russia.
In New York, the price of gold for December delivery plunged, finishing at around 19-hundred 46 U.S. dollars an ounce....a four-point-six percent decrease.