According to the Korea Gold Exchange prices on July 16, 2026, pure gold (24K, 3.75g) traded at 850,000 won for buying and 717,000 won for selling. Compared to the previous trading day, the buying price rose by 4,000 won (0.47%), and the selling price also increased by 3,000 won (0.42%).

• Selling prices for other types of gold are as follows:
• 18K: 527,000 won (up 2,200 won, 0.42% from the previous trading day)
• 14K: 408,700 won (up 1,700 won, 0.42% from the previous trading day)

Platinum (3.75g) was recorded at 348,000 won for buying and 282,000 won for selling. The buying price rose by 7,000 won (2.01%), and the selling price increased by 5,000 won (1.77%).

Geopolitical Risk… Option of Deploying Ground Troops in Iran War Discussed

Geopolitical uncertainty lies behind the rise in gold prices. According to U.S. media reports, President Donald Trump recently held a meeting in the White House Situation Room and received a briefing from his aides on operations involving the deployment of ground troops in the Iran war.

Citing sources, Axios reported that President Trump and his aides discussed expanding the scope of military operations, which had been limited to the vicinity of the Strait of Hormuz, to launch a large-scale offensive.

According to the Wall Street Journal (WSJ), there are three options for a "large-scale offensive": intensifying airstrikes, bombing underground nuclear facilities, and deploying ground troops to occupy islands near the Strait of Hormuz.

[※ This article is provided as reference material for investment decisions, and the final responsibility for investments lies with the investor.]