According to domestic precious metal prices released by Gold Price.com on July 13, 2026, major items including pure gold showed a unanimous decline compared to the previous trading day.

■ Major Precious Metal Prices on July 13 (Based on 3.75g) Pure gold (24K) was recorded at 858,000 won for buying and 739,000 won for selling. The buying price dropped 7,000 won from the previous trading day, while the selling price fell 4,000 won. The 18K gold selling price stood at 545,000 won, down 3,000 won, and the 14K gold selling price was 423,000 won, down 2,000 won. Platinum was recorded at 333,000 won for buying and 278,000 won for selling, both down 3,000 won. Silver (3.75g) was listed at 11,550 won for buying (down 100 won from the previous trading day) and 11,050 won for selling (no change).

■ Why Gold Prices Move: International Oil Prices and Interest Rates Are Key Variables The impact of the conflict between the United States and Iran on gold prices manifests through international oil prices. As uncertainty surrounding the Strait of Hormuz has grown, concerns over disruptions in crude oil supply have expanded, which directly leads to rising oil prices and the possibility of re-accelerated inflation. In fact, recent prices of West Texas Intermediate (WTI) and Brent crude have come under upward pressure following news of the resurgent conflict. When oil prices rise, the burden on U.S. consumer prices increases. If prices do not easily come down, the U.S. Federal Reserve (Fed) may find it difficult to cut its benchmark interest rate, or the possibility of additional tightening could be highlighted. Since gold is a non-yielding asset, it has the characteristic of losing relative investment appeal as interest rates and Treasury yields rise.

[This article is intended for informational purposes to convey market trends and does not constitute investment advice. Investment decisions and their associated responsibilities lie with the investor.]