Domestic Precious Metals Decline Across the Board... 24K Gold 3.75g Buying Price at 814,000 Won

According to the Korea Gold Exchange market prices on August 4, 2026, major precious metal prices fell across the board compared to the previous trading day.

Pure gold (24K, 3.75g) was quoted at 814,000 won for buying and 683,000 won for selling. The buying price dropped 5,000 won (0.61%) from the previous day, while the selling price also fell 5,000 won (0.73%). The 18K gold selling price stood at 502,100 won, down 3,600 won (0.72%), and the 14K gold selling price was 389,400 won, down 2,800 won (0.72%).

Platinum (3.75g) was recorded at 326,000 won for buying and 264,000 won for selling, falling 5,000 won (1.53%) and 4,000 won (1.52%), respectively. Silver (3.75g) was quoted at 11,040 won for buying and 9,320 won for selling, down 10 won (0.09%) and 20 won (0.21%) from the previous day.

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Wall Street Closes Higher Led by Tech Stocks... Nasdaq Rises 2.13%

Overnight, Wall Street closed higher, led by technology stocks.

• Dow Jones Industrial Average: 53,178.41 (+693.38 points, +1.32% from the previous day)
• S&P 500 Index: 7,600.50 (+110.78 points, +1.48%)
• Nasdaq Composite Index: 25,913.90 (+540.04 points, +2.13%)
• Russell 2000 Index: 2,981.73

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Gold Spot Price at $4,055 per Ounce... Holding Above the $4,000 Mark

At the same time, the gold spot price based on the GC New York Mercantile Exchange was at the $4,055 per ounce level. U.S. August gold futures fell 0.4% to $4,090.50. Gold prices have recently been fluctuating within the range of $4,000 to $4,200 per ounce.

When risk appetite in the stock market recovers, it typically weighs on safe-haven assets such as gold. However, once again, gold prices defended the $4,000 per ounce level despite the stock market rally. This is interpreted as a simultaneous reflection of Middle East uncertainty, potential inflation risks, and caution surrounding U.S. monetary policy.

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FOMC Holds Rates Steady, 9 in Favor and 3 Against... Acts as a Supportive Factor for Gold Prices

The U.S. Federal Open Market Committee (FOMC) maintained its target range for the federal funds rate at 3.50–3.75% per annum at its meeting on July 28–29. The vote was 9 in favor and 3 against, with the dissenting members advocating for a 0.25 percentage point rate hike.

Since gold is a non-yielding asset, higher interest rates tend to reduce its relative appeal compared to government bonds or deposits. Conversely, when expectations of rate cuts grow or real interest rates decline, the opportunity cost of holding gold decreases, which is favorable for prices.

This rate freeze acts as a supportive factor in that it did not further increase the burden of holding gold. However, given that voices within the Federal Reserve called for a hike, the possibility remains that gold price volatility could expand depending on future inflation and employment indicators.

[※ This article is not an investment solicitation, and investors are solely responsible for any losses resulting from their investments.]