Tanaka Kogyo Co., Ltd., a major bullion company, set the over-the-counter selling price of gold at 23,254 yen per gram on the 17th. It was the first domestic gold retail price index to exceed 23,000 yen, a record high. The purchase price also hit a high of 23,062 yen per gram. It exceeded the 20,000 yen mark on Sept. 29 and reached the 22,000 yen mark on Sept. 14, indicating a sharp rise.
As gold futures on the New York Commodity Exchange hit their highest level the previous day, the flow spread to domestic prices. In the United States, trade friction with China and the closure of some government agencies have increased uncertainty about the future of the economy, and gold, which is considered a relatively safe asset, has gained popularity.
Japanese and U.S. stock prices have been at high levels recently. Some investors are increasing their holdings of gold out of fear of entering an adjustment phase.
https://www.sankei.com/article/20251017-DSQAYURQNZJVVMC63WIMQOFLV4/
