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Gold Prices Fall as Oil Prices Rise... July 30 Precious Metal Prices and Future Outlook Amid Renewed U.S.-Iran Conflict

According to domestic gold prices from Geumsise.com on July 30, 2026, pure gold (3.75g) was recorded at 811,000 won for buying and 705,000 won for selling. Comp

Oseong Kwon
Staff Reporter
3 min read
Gold Prices Fall as Oil Prices Rise... July 30 Precious Metal Prices and Future Outlook Amid Renewed U.S.-Iran Conflict
CBC News

According to domestic gold prices from Geumsise.com on July 30, 2026, pure gold (3.75g) was recorded at 811,000 won for buying and 705,000 won for selling. Compared to the previous trading day, buying prices fell by 7,000 won and selling prices by 3,000 won.

■ Auxiliary Precious Metal Prices The selling price for 18K gold was 520,000 won, down 2,000 won from the previous day. The selling price for 14K gold was 403,000 won, also down 2,000 won. Platinum (3.75g) was priced at 314,000 won for buying and 262,000 won for selling, with both dropping 4,000 won. Silver (3.75g) was priced at 10,650 won for buying and 10,150 won for selling, down 200 won each from the previous day.

■ International Oil Prices Surge Amid Renewed U.S.-Iran Conflict U.S. Central Command announced via X (formerly Twitter) that it had "initiated airstrikes against Iran." U.S. President Donald Trump stated that there would be a strong retaliation for Iran's surprise attack on the U.S. military base in Jordan. With the renewed conflict between the two sides, international oil prices surged on the 29th (local time).

■ Future Market Variables While attention is focused on the future trend of safe-haven assets, the U.S. June Personal Consumption Expenditures (PCE) and other economic indicators to be announced on July 30 (Korean time) also warrant close attention.

[Investment decisions are the responsibility of each individual, and as short-term volatility has expanded, a cautious approach is required.]

Oseong Kwon
Staff Reporter

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