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August 4, 2026 Gold Prices and Precious Metals Trends... What's Behind the Sharp Drop in International Oil Prices?

**[August 4 Domestic Gold Prices and Precious Metals Market]** According to Geumsesae.com, as of August 4, 2026, the domestic prices of major precious metals ar

Oseong Kwon
Staff Reporter
3 min read
August 4, 2026 Gold Prices and Precious Metals Trends... What's Behind the Sharp Drop in International Oil Prices?
CBC News

[August 4 Domestic Gold Prices and Precious Metals Market]

According to Geumsesae.com, as of August 4, 2026, the domestic prices of major precious metals are as follows:

  • Pure Gold (3.75g): Sell 703,000 won (unchanged from previous day) / Buy 811,000 won (down 2,000 won from previous day)
  • 18K: Sell 518,000 won (unchanged from previous day)
  • 14K: Sell 402,000 won (unchanged from previous day)
  • Platinum: Sell 270,000 won (down 1,000 won) / Buy 323,000 won (down 2,000 won)
  • Silver: Sell 10,350 won (up 100 won) / Buy 10,850 won (up 100 won)

[Sharp Drop in International Oil Prices and Future Implications]

Meanwhile, as geopolitical risks have somewhat eased recently, international oil prices recorded a sharp decline on the 3rd (local time).

  • Brent Crude: October delivery futures on the ICE Futures Exchange closed at $83.77/barrel (down 4.7% from the previous trading day)
  • WTI (West Texas Intermediate): September delivery futures on the New York Mercantile Exchange closed at $80.34/barrel (down 5.1% from the previous trading day)

These fluctuations in international oil prices are a key issue that could influence U.S. interest rate policy. It is important to continuously monitor related economic news to understand future market trends.

[※ This article is not intended to solicit investment. The final decision and responsibility for investments lie with the investor, and this publication bears no responsibility for investment outcomes.]

Oseong Kwon
Staff Reporter

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