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Gold and Platinum Prices Fall Across the Board Today (7/24)... Middle East Tensions and U.S. Interest Rates as Volatility Factors

As of July 24, 2026, according to the Korea Gold Exchange, prices of major domestic precious metals fell across the board, showing a bearish trend. ■ 24K Pure G

Oseong Kwon
Staff Reporter
4 min read
Gold and Platinum Prices Fall Across the Board Today (7/24)... Middle East Tensions and U.S. Interest Rates as Volatility Factors
CBC News

As of July 24, 2026, according to the Korea Gold Exchange, prices of major domestic precious metals fell across the board, showing a bearish trend.

■ 24K Pure Gold (3.75g): Purchase Price 840,000 KRW · Selling Price 707,000 KRW Pure gold (24K·3.75g) was priced at 840,000 KRW when buying and 707,000 KRW when selling. The buying price fell by 11,000 KRW, down 1.31% from the previous trading day, and the selling price also dropped by 5,000 KRW, down 0.71%.

■ 18K·14K Selling Prices Also Weaken The selling price of 18K gold was 519,700 KRW, down 3,700 KRW (0.71%) from the previous day. The selling price of 14K gold was 403,000 KRW, recording a decline of 2,900 KRW, or 0.72%.

■ Platinum (3.75g): Purchase Price 330,000 KRW · Selling Price 267,000 KRW Platinum was recorded at 330,000 KRW when buying and 267,000 KRW when selling. The buying price fell by 6,000 KRW, down 1.82% from the previous day, and the selling price also dropped by 6,000 KRW, a 2.25% decline.

■ Future Variables: Middle East Risk · Oil Prices · U.S. Interest Rates Geopolitical risks are expected to act as key market variables for the time being. U.S. President Donald Trump mentioned the possibility of additional military action against Iran on the 23rd (local time), stating that he is considering an attack 'greater than any seen before.' The United States has been conducting continuous airstrikes against Iran for 12 days, raising concerns that heightened tensions in the Middle East could stimulate international oil prices.

The market views oil prices, U.S. interest rate trends, and changes in the Middle East situation as key factors that will determine future gold price movements and volatility in global financial markets.

[※ This article is for reference in making investment decisions and does not recommend the purchase or sale of any specific asset. Responsibility for investment decisions lies with the investor.]

Oseong Kwon
Staff Reporter

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