July 7, 2026 Gold and Precious Metals Prices: Pure Gold and Platinum Decline Across the Board... Fed Rate Policy in Focus
As of July 7, 2026, according to the Korea Gold Exchange, major precious metal prices showed an overall downward trend. All items, including pure gold and plati

As of July 7, 2026, according to the Korea Gold Exchange, major precious metal prices showed an overall downward trend. All items, including pure gold and platinum, displayed weakness.
■ Pure Gold (24K, 3.75g) Prices
- Buy Price: 894,000 won — down 4,000 won from previous trading day (-0.45%)
- Sell Price: 748,000 won — down 2,000 won from previous trading day (-0.27%)
■ Other Gold Prices (Based on Selling)
- 18K: 549,800 won — down 1,500 won from previous trading day (-0.27%)
- 14K: 426,400 won — down 1,100 won from previous trading day (-0.26%)
■ Platinum (3.75g) Prices
- Buy Price: 347,000 won — down 6,000 won from previous trading day (-1.73%)
- Sell Price: 281,000 won — down 6,000 won from previous trading day (-2.14%)
International Gold Trends
At the same time, the international gold price on the COMEX New York Mercantile Exchange was trading around $4,165 per ounce. The market is focusing on the future direction of the U.S. Federal Reserve's (Fed) interest rate policy, triggered by recently announced economic indicators.
Gold, the Oldest Safe Haven Asset
Gold is regarded as one of the oldest stores of value in human history. In ancient Egyptian and Mesopotamian civilizations, it was used as a precious metal symbolizing royal authority and wealth, and through the Greek and Roman eras, it established itself as a key asset in currency and international trade.
Through medieval Europe and into the modern era, it served as the foundation supporting national finances and monetary trust, and in the late 19th century, as major countries adopted the gold standard, it played a central role in the international monetary system. Although most countries no longer operate under the gold standard today, gold is still regarded as a representative safe haven asset in the global financial market.
[※ This article is not intended to solicit investment. The final judgment and responsibility for all investments lie with the investor.]
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