Gold Price in South Korea
This page presents gold prices in South Korea as the international spot-price equivalent converted at market exchange rates. It is a general guide, not a price quoted by a Korean dealer, bank or jeweller. South Korea's gold market blends bank-sold bars and coins, department-store jewellery, and a strong investment culture in which small bars are bought through banks and specialist dealers. Gold also features in traditional celebrations, including first-birthday gifts. The won price follows the international market and the won exchange rate, while retail prices add premiums, taxes and dealer margins.
In South Korea, gold is most commonly priced per don, where one don equals 3.75 grams, as well as per gram and per troy ounce. A quote per don is nearly four times a per-gram quote, so confirming the unit is essential before comparing prices.
XAU spot equivalent · South Korea
KRW 5,331,887 per troy ounce ▼ -3,842.91 (-0.07%)
Gram KRW 171,424Kilogram KRW 171,424,135Tola KRW 1,999,45722K per gram KRW 157,139
COMEX gold futures (GC=F) · Last 30 daily closes · Latest close KRW 5,347,788.83
Day change basis: COMEX gold futures (GC=F) — this is futures movement, not spot’s own change.
XAU spot equivalent · South Korea
KRW 5,331,887 per troy ounce
| Unit | Price |
|---|---|
| Troy ounce | KRW 5,331,887 |
| Gram | KRW 171,424 |
| Kilogram | KRW 171,424,135 |
| Tola | KRW 1,999,457 |
| Purity | Price / gram |
|---|---|
| 24K | KRW 171,424 |
| 22K | KRW 157,139 |
| 21K | KRW 149,996 |
| 18K | KRW 128,568 |
| 14K | KRW 99,997 |
Figures are the international spot price converted at market exchange rates. They are not local jeweller or shop prices, which add premiums, making charges, taxes and dealer margins.
Source: Live market quote · Quote time: 2026-10-27T13:27:24Z · Retrieved by Gold Updates at page load.
Price history
COMEX gold futures (GC=F) daily closes, in USD. This is futures data, not spot.
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Gold in South Korea: currency, quoting and coins
Market context
Gold buyers in South Korea trade in the same international market as buyers everywhere else: there is no separate local spot price. What differs locally is the currency, taxes, premiums and shop charges — the metal itself is priced from the one international benchmark, converted here into KRW.
Currency
The currency is the South Korean won (KRW), which has no minor unit in everyday use. Prices on this page are the international spot price converted at the current market exchange rate for KRW; the conversion rate, not a local dealer board, is what moves the figures here when exchange rates move.
How gold is quoted locally
The international benchmark is quoted per troy ounce in US dollars. Local shops in South Korea most commonly quote by the gram for jewellery and small bars; the per-ounce, per-gram and per-kilo figures above are all the same converted price, only the unit changes.
National coin
No national bullion coin is named on this page for South Korea. Whatever coin or bar a dealer stocks, its value follows weight and purity first — confirm both, and the total price including any premium, before buying.
Frequently Asked Questions
What is a don of gold in South Korea?
One don equals 3.75 grams, and Korean shops and banks commonly quote small bars and jewellery per don as well as per gram.
Where do Koreans usually buy investment gold?
Banks and specialist bullion dealers are the usual route for bars and coins, while jewellery comes from department stores and jewellery districts.
What affects the gold price in Korean won?
The won price depends on the international gold price and the won exchange rate, so currency moves can change the local figure noticeably.
What should I check before buying gold in South Korea?
Confirm the unit (don or gram), purity, premium and total price including taxes, and keep the receipt and any certificate.
Pricing methodology
Gold Updates takes one XAU spot quote in USD, converts it at the current market exchange rate for KRW, then derives grams (ounce / 31.1034768), kilograms (grams x 1000) and tolas (grams x 11.6638038). Purity multiplies by karat / 24, applied once. Full details: Data Sources & Methodology.