Korea Investment & Securities launches real-time international gold price inquiry service

Korea Investment & Securities has launched a service in its mobile trading system and home trading system that allows 24-hour access to international gold spot prices, enabling investors to monitor global gold price trends more promptly without being limited by exchange operating hours.

On the 14th, Korea Investment & Securities announced the launch of this “Real-Time International Gold Price Inquiry Service.” The core of this service is that it can display international gold spot prices in real-time regardless of whether domestic gold trading hours or overseas exchange markets are operational. As a representative safe asset, gold prices can fluctuate rapidly due to external variables such as interest rates, exchange rates, and geopolitical risks. Previously, investors found it difficult to confirm prices in real-time due to time zone differences or market opening hours.

The price information provided is calculated based on actual trading prices from the London Bullion Market Association and international banks. It is also characterized by being exclusively obtained and supplied by the global financial data provider Morningstar. The London Bullion Market Association is regarded as one of the key benchmark institutions for international gold trading. Using this data, domestic investors can also reference more standardized international market prices.

The background for securities firms to strengthen gold-related information services stems from the recent surge in demand for physical asset investments. Gold often exhibits different trends from stocks or bonds, making it a means of asset diversification. The greater the market volatility, the higher the attention it tends to attract. Especially with the ability to directly view prices through mobile trading systems and home trading systems, investors no longer need to seek overseas information websites separately, further enhancing convenience.

Along with launching the service, Korea Investment & Securities will hold an event by the end of next month, offering an instant 10k won payment to the first 20k customers who open a gold spot account. This is interpreted as an effort not only to provide information but also to strategically increase the number of clients engaging in actual gold investments. This trend may further motivate securities firms to enhance real-time information and trading convenience related to alternative investment assets such as gold or raw materials in the future.