August 6 Gold and Precious Metals Prices: Gold Strengthens, Platinum and Silver Decline

As of August 6, 2026, according to the Korea Gold Exchange, pure gold (3.75g) was priced at 856,000 won for purchase, up 17,000 won (a 1.99% change) from the previous day. The selling price stood at 708,000 won, up 11,000 won (a 1.55% change).

• *18K and 14K Prices**
• 18K: Selling price of 520,400 won (a 1.56% change), up 8,100 won from the previous day
• 14K: Selling price of 403,600 won (a 1.56% change), up 6,300 won from the previous day

• *Platinum and Silver Weaken**
• Platinum: Purchase price of 350,000 won (-1.43%, down 5,000 won), selling price of 284,000 won (-1.41%, down 4,000 won)
• Silver: Purchase price of 11,720 won (-0.09%, down 10 won), selling price of 9,900 won (-0.1%, down 10 won)

Strait of Hormuz Reopening Negotiations: Attention Focuses on Conclusion

Alongside these trends in the precious metals market, global geopolitical factors are also drawing attention. According to a report by The Wall Street Journal (WSJ), Iran and Oman are in the final stages of drafting a 60-day interim agreement to reopen the Strait of Hormuz.

According to a senior Iranian official cited by Reuters, Iran is demanding a fee of 5 to 7% of the value of cargo carried by ships transiting the strait. Oman is in discussions at around the 3% level, while the United States is known to oppose the imposition of any fee altogether.

All eyes in the precious metals and broader commodities markets are focused on what conclusion the negotiations will reach.

[※ This article is not intended to solicit investment, and all investment decisions and responsibilities lie solely with the investor.]