Gold Price in South Korea Today
Live gold rates in KRW — updated hourly from international spot price (XAU/USD).
1 Troy Oz = ₩6,803,196 · 1 Gram = ₩218,728 · 1 Tola = ₩2,551,035
| Karat / Unit | Price (KRW) |
|---|---|
| 24K per Troy Oz | ₩6,803,196 |
| 24K per Gram | ₩218,728 |
| 24K per Tola | ₩2,551,035 |
| 24K per Kg | ₩218,727,504 |
| 22K per Troy Oz | ₩6,236,263 |
| 22K per Gram | ₩200,500 |
| 22K per Tola | ₩2,338,449 |
| 21K per Gram | ₩191,387 |
| 18K per Gram | ₩164,046 |
About Gold Prices in South Korea
Gold is one of the most widely traded commodities in the world, and its price is determined by international markets. The gold spot price is quoted in USD per troy ounce (XAU/USD) and serves as the global benchmark for gold valuation. In South Korea, the gold price in KRW is derived by converting the international spot price using the current USD to KRW exchange rate.
Several factors influence the price of gold in South Korea. Global factors include central bank monetary policies, inflation expectations, geopolitical tensions, and overall investor sentiment toward safe-haven assets. Locally, the strength of the KRW against the US dollar plays a critical role — when the KRW weakens, gold becomes more expensive in local terms even if the international spot price remains unchanged.
Gold purity is measured in karats. 24 karat (24K) gold is 99.9% pure and is the standard for investment-grade gold bars and coins. 22 karat (22K) gold contains 91.67% gold and is the most popular choice for traditional jewellery, especially in South Asia and the Middle East. 18 karat (18K) gold contains 75% gold and is favoured for fine jewellery due to its balance of durability and aesthetic appeal.
Gold is measured in several units globally. The troy ounce (31.1035 grams) is the international standard used in spot markets and commodities exchanges. Retail buyers in South Korea typically purchase gold by the gram or kilogram, depending on whether they are buying jewellery or investment-grade bullion.
Retail gold prices in South Korea typically differ from the international spot price shown on this page. Local jewellers and dealers add premiums that cover import duties, government taxes, making charges for jewellery, and their profit margin. The spread between spot and retail can vary by 3–10% depending on market conditions and product type. For the most accurate local pricing, contact authorised dealers directly while using the international spot rate as a reference benchmark.
Frequently Asked Questions
What is the gold price in South Korea today?
The gold price in South Korea today is ₩6,803,196 per troy ounce for 24K pure gold. Per gram, 24K gold costs ₩218,728, and per tola it is ₩2,551,035. These prices are derived from the international XAU/USD spot price and converted to KRW using live exchange rates.
How much is 1 tola of gold in KRW?
1 tola of 24K gold in South Korea is currently ₩2,551,035. For 22K gold, 1 tola costs ₩2,338,449. One tola equals 11.6638 grams and is a traditional unit of weight widely used for gold trading in South Asia.
What is the difference between 24K, 22K, and 18K gold?
24 karat (24K) gold is 99.9% pure gold and commands the highest price. It is the standard for investment-grade gold bars and coins. 22 karat (22K) gold contains 91.67% gold mixed with other metals for added durability, making it the most popular choice for traditional jewellery in South Asia and the Middle East. 18 karat (18K) gold contains 75% gold and is favoured for fine jewellery worldwide due to its strength and relatively lower cost.
Why does the gold price in South Korea differ from the international price?
The gold price in South Korea can differ from the international spot price due to several factors: fluctuations in the USD to KRW exchange rate, local import duties and government taxes, dealer premiums, making charges for jewellery, and supply-demand dynamics in the domestic market. The prices on this page are calculated from the international spot rate and may not reflect retail prices at local jewellers.
How often are gold prices updated on this page?
Gold prices on this page are updated every hour from the international spot market (XAU/USD). The spot price is sourced from major financial data providers and converted to local currencies using live exchange rates. For the most accurate retail pricing, we recommend checking with local gold dealers or bullion shops.