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As 'Gold Chee Premium' disappears, gold prices plummet... the decline is 15 times the international market rate

As the "Kimchi Premium," where the domestic gold spot price traded within the country is higher than the international market price, has disappeared, domestic gold prices have plummeted more than 15 times compared to international rates.

According to the Korea Exchange on the 4th, in the KRX gold market, on the 28th of last month, 1 gram of 1 kg gold spot (99.99% gold, 1 kg) was traded at 139,030 won.

This is a price that has dropped 14.98% compared to the closing price of 163,530 won on the 14th of last month. On the 14th of last month, it rose to 168,500 won during trading hours, setting a record high, and then declined on almost every trading day for two weeks.

Meanwhile, international gold prices remained stagnant during the same period.

The international gold spot price, which the Korea Exchange converts from the international gold market price into Korean won and announces per gram, fell from 136,130 won on the 14th of last month to 134,830 won on the 28th of the same month, a 0.95% decrease over two weeks.

In fact, most of the decline in gold prices in the KRX gold market can be attributed to the easing of the 'Kimchi premium' on gold.

On the 14th, the disparity between domestic gold prices and international gold prices reached a peak of 24% during trading hours, and closed at 20.13%, setting a new all-time record.

After concerns about the "Kimchi Premium" on gold prices were raised mainly within the securities industry, the KRX gold price gap rate gradually narrowed, and by the morning of the 28th of last month, it had fallen to around 1%.

At that time, experts maintained a positive investment outlook on gold due to reasons such as increased demand from central banks worldwide and the safe-haven asset preference driven by trade dispute uncertainties. However, they recommended replacing investment assets with gold futures or international gold spot rather than the excessively premium-priced KRX gold spot.

 

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Gold prices have risen significantly, but I heard there's a big difference compared to international prices.

They say everything has sunk.

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  • Profile Image
    땡땡이
    금값이 어마어마하던데
    이제 자리를 잡아가나요
    집에 있는 금 내다 팔았어야 했나🤔🤔
    • Profile Image
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      Author
      금이라는게 이번에 최고가 경신했으니 또 
      이런 현상이 오지 않을까요? 잘 가지고 계시면 될꺼에요 
  • Profile Image
    인지니어스
    난리네요 난리~~ 
    역시 뭐든 타이밍이 중요하죠👍
    • Profile Image
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      Author
      맞습니다. 타이밍이 항상 중요하죠
      미래를 보지않는한 그 타이밍을 잡기가 힘들다 뿐이지 ^^;;
  • Profile Image
    러블리
    금값최고치가 65만원이었단
    사실에 깜놀했어요
    이제 좀 내려갈까요
    
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      Author
      지금 많이 하향이 되었다고 하네요
      이제 좀 안정세로 가긴 하겠죠
  • Profile Image
    팝콘
    김치프리미엄이 붙는게 참 엉뚱하다 
    유별나다 했더니 꺼져버리는군요
    • Profile Image
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      Author
      김치프리미엄이 붙는게 한두개가 아니에요
      우리나라도 보면 투자버블이 심하게 끼는 편이래요
  • Profile Image
    하루=즐겁게+행복하게+웃으며✌
    지금 금값 장난 아니던데요
    거품이 있는 건가요
    • Profile Image
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      지금 많이 하락을 하고 있다고 해요
      국제가랑 맞아질거라고 보시면 될 듯
  • Profile Image
    앱톰
    금값이 국제가격보다 훨씬 비싸다고 이상한 김프현상
    애길 많이 하더라구요 어쩌다 김프란 말이..
    • Profile Image
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      Author
      그러게요 저도 이번에 김프라는 단어를 
      알게 되었어요~ 유별난 우리나라죠 ^^
  • Profile Image
    켈리장
    좀 떨어져도 되지요
    트럼프 때문에 온갖 시세가 다 들썩이는 기분이 드네요
    • Profile Image
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      모든게 트럼프 입으로 오르락 내리락 하는게 정말
      웃기더라구요 ^^ 만평도 있죠 트럼프 주댕이만 쳐다보는 ㅋㅋ
  • Profile Image
    깐데또까
      조금 떨어져도 되지요~
     떨어져도  지금 2~3만원 떨어 졌나? 
     그래놓고 떨어졋데요 
     팔때는 이것 저것 떼고 많이 떼지요 
    
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      맞아요~ 금 사고 팔고 할때 보면 중개소에서 다 해먹는 것 같아요..
      그래도 어쩌겠어요.. 주식이나 뭐나 중간에서 해먹는건 비슷한 것 같아요..ㅠ.ㅠ