Gold prices in S.Korea climbed following the death of N.Korean leader Kim Jong-il

Gold prices in South Korea have climbed following the death of North Korean leader Kim Jong-il as worries over heightened geopolitical uncertainties and a strengthening greenback prompted investors to stack up the safe-haven asset, data showed Wednesday.

The retail price of 1 don of pure gold in South Korea stood at 238,000 won (US$205.99) as of Tuesday, rising the most in five days since 241,000 won on Dec. 14, according to the Korea Gold Exchange. The don (3.75 grams) is a Korean unit used to measure gold.

Tags: South Korea gold prices

Posted by admin on Dec 21 2011. Filed under Gold price. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry