A jewelry store in Nohyeong-dong, Jeju-si on the morning of the 10th. As soon as the door opened, a customer came into the store and took out the precious metals he had put in an envelope onto the scale one by one. Kangmo (50), a housewife, said, “I usually buy gold as a safe asset, but I came out to sell it because the price of gold rose a lot.” seems to be,” he said.
Subsequently, a man in his early 40s entered the store and took out a one-dollar stone ring with a bitter expression on his face. He said, “I was going to keep the stone ring and give it to the child when he becomes an adult, but it hurts to have to give it out like this.”
With the price of gold recently rising to an all-time high, more people in Jeju are selling gold rather than trying to buy it. There are various stories and landscapes, from people selling gold buried in their homes, such as stone rings and wedding rings, that they had in the midst of the recession, to people trying to reap the amount they invested as safe assets.
According to the Korea Exchange, as of 4:00 p.m. on the same day, 1 kg of spot gold was traded at 84,800 won per gram, down 1.77% from the previous trading day. On the 7th, it was traded at 86,330 won per gram, the highest since the gold market started trading in 2014.
As of this afternoon, according to the domestic gold price provided by the Korea Gold Exchange, it costs 361,000 won for a consumer to buy 1 don (3.75g) of pure gold, and 304,000 won for selling 1 don of pure gold.
An official from a precious metal wholesaler and retail store in the province said, “As the price of gold rises day by day, customers who sell gold have been buying 1kg a day since three weeks ago. The number of customers who are selling has also increased significantly,” he said.
“Currently, to buy 1 don of pure gold is 50% more expensive than 10 years ago, so prospective couples who are about to get married are feeling the burden,” he said. added.
