Korea's Physical Gold Trading Plunges 49% in July as Prices Fall 30% Since January

According to Korea Exchange (KRX) on July 26, physical gold trading volumes in the country's spot market plunged 49% month-over-month to 239,116 grams in July, with trading value halving to 47.09 billion Korean won. Compared to January, volumes dropped 77.1% and values fell 80.6%. Gold prices also declined significantly, falling from a January 29 high of 269,810 Korean won per kilogram to 189,810 Korean won on July 24, marking a 29.7% decline.
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