🇰🇷 Gold Price in South Korea Today (2024): Ounce, Gram, Tola, Karat

K pop singer thinking about the gold price in South Korea.

Overview of the Gold Price in south korea in ounce, gram and tola. and development since 1 day, 1 month, 6 months and 1 year

Latest gold price in South Korea: KRW 2,698,011.93
Last Update: 22 February 2024

Gold price per ounce in South Korea KRW 2,698,011.93 24k 1 ounce
Gold price per gram in South Korea KRW 86,743.10 24k 1 gram
Gold price per kilogram in South Korea KRW 86,743,097.86 24k 1 kg
Gold price per tola in South Korea KRW 1,011,754.46 24k 1 tola

Remarks:

  • The gold price is quoted in troy ounce in USD. Other currencies and weights are converted. (1 USD is KRW 1,330.84 on 22 February 2024).
  • These rates are for 24k, (karat, or carat) that is a purity of nearly 99.95%, or a fineness of 999.5. (as defined by the LBMA good delivery standard for gold bars).
  • About the weights:
    • One troy ounce is approx. 31.103 gram. The troy ounce should not be confused with the customary ounce (US) or imperial ounce (UK), which weights a bit less, that is approx. 28.35 gram.
    • One troy ounce is approx. 2.667 tola. Tola is a gold weight popular in the Middle East and India.

This article gives an overview about the gold price today in South Korea in South Korean won in ounce, gram and tola, different karat, history of daily prices in a table, prices in different cities and frequently asked questions.

Gold Price in South Korea on 22 February 2024: KRW 2,698,011.93 per Ounce

South Korea’s relationship with gold is both historical and economically significant. In this guide, we’ll provide a detailed overview of:

  • How gold is priced per ounce, gram, and tola in South Korea.
  • The variation in prices based on karat, from 8 karat to 24 karat.
  • Historical data on daily prices to discern patterns.
  • Gold prices in major South Korean cities, including Seoul, Busan, Incheon and Daegu.

Let’s dive into the specifics.

1 Ounce to 1,000 Ounce

What is the price of gold in South Korea for one ounce, two ounces, etc. up to 1,000 ounce?

OunceGold Price
1 ounceKRW 2,698,011.93
2 ounceKRW 5,396,023.86
5 ounceKRW 13,490,059.66
10 ounceKRW 26,980,119.32
20 ounceKRW 53,960,238.64
25 ounceKRW 67,450,298.30
50 ounceKRW 134,900,596.60
100 ounceKRW 269,801,193.20
200 ounceKRW 539,602,386.40
250 ounceKRW 674,502,983.00
500 ounceKRW 1,349,005,966.00
1000 ounceKRW 2,698,011,932.00

1 Gram to 1,000 Gram

What is the price of gold in South Korea for one gram, two gram, etc. up to 1,000 gram?

GramGold Price
1 gramKRW 0.00
2 gramKRW 0.00
5 gramKRW 0.00
10 gramKRW 0.00
20 gramKRW 0.00
37.5 gramKRW 0.00
50 gramKRW 0.00
100 gramKRW 0.00
200 gramKRW 0.00
500 gramKRW 0.00
1000 gramKRW 0.00

1 Tola to 1,000 Tola

What is the price of gold in South Korea for one tola, two tola, etc. up to 1,000 tola?

TolaGold Price
1 tolaKRW 1,011,754.46
2 tolaKRW 2,023,508.92
5 tolaKRW 5,058,772.31
10 tolaKRW 10,117,544.62
20 tolaKRW 20,235,089.24
25 tolaKRW 25,293,861.55
50 tolaKRW 50,587,723.09
100 tolaKRW 101,175,446.19
200 tolaKRW 202,350,892.37
250 tolaKRW 252,938,615.46
500 tolaKRW 505,877,230.93
1000 tolaKRW 1,011,754,461.85

24 Karat to 8 Karat per Ounce

What is the price of gold in South Korea for 24 karat, down to 8 karat per ounce?

KaratGold Price
24 karat per 1 ounceKRW 0.00
22 karat per 1 ounceKRW 0.00
21 karat per 1 ounceKRW 0.00
20 karat per 1 ounceKRW 0.00
18 karat per 1 ounceKRW 0.00
16 karat per 1 ounceKRW 0.00
14 karat per 1 ounceKRW 0.00
12 karat per 1 ounceKRW 0.00
10 karat per 1 ounceKRW 0.00
9 karat per 1 ounceKRW 0.00
8 karat per 1 ounceKRW 0.00

24 Karat to 8 Karat per Gram

What is the price of gold in South Korea for 24 karat, down to 8 karat per gram?

KaratGold Price
24 karat per 1 gramKRW 0.00
22 karat per 1 gramKRW 0.00
21 karat per 1 gramKRW 0.00
20 karat per 1 gramKRW 0.00
18 karat per 1 gramKRW 0.00
16 karat per 1 gramKRW 0.00
14 karat per 1 gramKRW 0.00
12 karat per 1 gramKRW 0.00
10 karat per 1 gramKRW 0.00
9 karat per 1 gramKRW 0.00
8 karat per 1 gramKRW 0.00

24 Karat to 8 Karat per Tola

What is the price of gold in South Korea for 24 tola, down to 8 karat per tola?

KaratGold Price
24 karat per 1 tolaKRW 0.00
22 karat per 1 tolaKRW 0.00
21 karat per 1 tolaKRW 0.00
20 karat per 1 tolaKRW 0.00
18 karat per 1 tolaKRW 0.00
16 karat per 1 tolaKRW 0.00
14 karat per 1 tolaKRW 0.00
12 karat per 1 tolaKRW 0.00
10 karat per 1 tolaKRW 0.00
9 karat per 1 tolaKRW 0.00
8 karat per 1 tolaKRW 0.00

What is the Daily Gold Price in South Korea of the Last 30 Days?

Here is an overview of the historical development of the gold price per ounce of the last 30 days in South Korea. Gold prices are set from Monday till Friday (similar to the stock market). Therefore, weekends list the price of Friday.

Table with the gold price per ounce in KRW in South Korea of the last 30 days:

Gold Price in Different South Korean Cities: From Seoul to Changwon

Please note, the gold price is the same around the world. Therefore, there should be no differences in the price between countries and cities. In practice, buyers might pay different markups to sellers based on the countries’ conventions.

These are the gold prices in the 10 biggest cities in South Korea:

What is the gold price in Seoul?

Today’s gold price in Seoul is KRW 2,698,011.93 for one troy ounce.

What is the gold price in Busan?

Today’s gold price in Busan is KRW 2,698,011.93 for one troy ounce.

What is the gold price in Incheon?

Today’s gold price in Incheon is KRW 2,698,011.93 for one troy ounce.

What is the gold price in Daegu?

Today’s gold price in Daegu is KRW 2,698,011.93 for one troy ounce.

What is the gold price in Gwangju?

Today’s gold price in Gwangju is KRW 2,698,011.93 for one troy ounce.

What is the gold price in Daejeon?

Today’s gold price in Daejeon is KRW 2,698,011.93 for one troy ounce.

What is the gold price in Suwon?

Today’s gold price in Suwon is KRW 2,698,011.93 for one troy ounce.

What is the gold price in Ulsan?

Today’s gold price in Ulsan is KRW 2,698,011.93 for one troy ounce.

What is the gold price in Goyang?

Today’s gold price in Goyang is KRW 2,698,011.93 for one troy ounce.

What is the gold price in Changwon?

Today’s gold price in Changwon is KRW 2,698,011.93 for one troy ounce.

Current Market Scenario

Current Gold Price in South Korea

As of 22 February 2024, the gold price in South Korea is around KRW 2,698,011.93. This price is subject to fluctuations based on various factors such as supply and demand, economic conditions, and geopolitical events.

Factors Influencing the Price of Gold in South Korea

The price of gold in South Korea is influenced by a multitude of factors. These include the international gold market and the overall economic health. Additionally, factors like mining costs, gold production, and changes in jewelry and industrial demand also play a significant role in determining the gold price trends.

Historical Trends in the Gold Price in South Korea

Historically, the price of gold in South Korea has seen both highs and lows. Over the past decade, gold prices have generally been on an upward trend, with occasional dips. This is largely due to increasing demand, geopolitical tensions, and economic uncertainties. Understanding these historical trends can help in making informed predictions about future gold price trends.

Gold Prices in Other Countries and Currencies

Check out the gold price in all major countries and currencies

Australia and Oceania
🇦🇺 gold price in Australia (Australian dollar) and 🇳🇿 gold price in New Zealand (New Zealand dollar)

Americas
🇦🇷 gold price in Argentina (Argentine peso, ARS), 🇧🇷 gold price in Brazil (Brazilian real, BRL), 🇧🇸 gold price in the Bahamas (Bahamian dollar, BSD), 🇨🇦 gold price in Canada (Canadian dollar, CAD), 🇨🇱 gold price in Chile (Chilean peso, CLP), 🇨🇴 gold price in Colombia (Colombian peso, COP), 🇬🇾 gold price in Guyana (Guyanese dollar, GYD), 🇲🇽 gold price in Mexico (Mexican peso, MXN), 🇵🇦 gold price in Panama (Panamanian balboa, PAB), 🇵🇪 gold price in Peru (Peruvian sol, PEN), 🇵🇷 gold price in Puerto Rico (US dollar, USD), 🇺🇸 gold price in the United States of America (United States dollar, USD) and 🇺🇾 gold price in Uruguay (Uruguayan peso, UYU)

Asia
🇨🇳 gold price in China (Chineses Renminbi, RMB/ Yuan, CNY), 🇭🇰 gold price in Hong Kong (Hong Kong dollar, HKD), 🇯🇵 gold price in Japan (Japanese yen, YEN), 🇮🇳 gold price in India (Indian rupee, INR), 🇮🇩 gold price in Indonesia (Indonesian rupiah, IDR), 🇰🇿 gold price in Kazakhstan (Kazakhstani tenge, KZT), 🇲🇴 gold price in Macau (Macanese pataca, MOP), 🇲🇾 gold price in Malaysia (Malaysian ringgit, MYR), 🇵🇰 gold price in Pakistan (Pakistani rupee, PKR), 🇵🇭 gold price in the Philippines (Philippine peso, PHP), 🇸🇬 gold price in Singapore (Singapore dollar, SGD), 🇰🇷 gold price in South Korea (South Korean wong, KRW), 🇹🇼 gold price in Taiwan (New Taiwan dollar, TWD), 🇹🇭 gold price in Thailand (Thai baht, THB) and 🇻🇳 gold price in Vietnam (Vietnamese dong, VND)

Europe
🇦🇹 gold price in Austria (euro, EUR), 🇧🇪 gold price in Belgium (euro, EUR), 🇨🇿 gold price in the Czech Republic (Czech koruna, CZK), 🇨🇾 gold price in Cyprus (euro, EUR), 🇩🇰 gold price in Denmark (Danish krone, DKK), 🇫🇮 gold price in Finland (euro, EUR), 🇫🇷 gold price in France (euro, EUR), 🇩🇪 gold price in Germany (euro, EUR), 🇬🇷 gold price in Greece (euro, EUR), 🇭🇺 gold price in Hungary (Hungarian forint, HUF), 🇮🇸 gold price in Iceland (Icelandic krona, ISK), 🇮🇪 gold price in Ireland (euro, EUR), 🇮🇹 gold price in Italy (euro, EUR), 🇱🇮 gold price in the Liechtenstein (Swiss Fran, CHF), 🇱🇺 gold price in Luxembourg (euro, EUR), 🇲🇹 gold price in Malta (euro, EUR), 🇲🇨 gold price in Monaco (euro, EUR), 🇳🇱 gold price in the Netherlands (euro, EUR), 🇳🇴 gold price in Norway (Norwegian Krone, NOK), 🇵🇱 gold price in Poland (Polish zloty, PLN), 🇵🇹 gold price in Portugal (euro, EUR), 🇪🇸 gold price in Spain (euro, EUR), 🇸🇪 gold price in Sweden (Swedish krona, SEK), 🇨🇭 gold price in Switzerland (Swiss franc, CHF), 🇺🇦 gold price in Ukraine (Ukrainian hryvnia, UAH) and 🇬🇧 gold price in the United Kingdom (Pound Sterling, GBP)

Middle East and Africa
🇦🇪 gold price in Abu Dhabi (Emirati dirham, AED), 🇩🇿 gold price in Algeria (Algerian dinar, DZD), 🇧🇭 gold price in Bahrain (Bahraini dinar, BHD), 🇦🇪 gold price in Dubai (Emirati dirham, AED), 🇪🇬 gold price in Egypt (Egyptian pound, EGP), 🇰🇼 gold price in Kuwait (Kuwaiti dirham, KWD), 🇮🇱 gold price in Israel (Israeli new shekel, ILS), 🇯🇴 gold price in Jordan (Jordanian dinar, JOD), 🇴🇲 gold price in Oman (Omani rial, OMR), 🇶🇦 gold price in Qatar (Qatari riyal, QAR), 🇸🇦 gold price in Saudi Arabia (Saudi riyal, SAR), 🇿🇦 gold price in South Africa (South African rand, ZAR), 🇹🇷 gold price in Turkey (Turkish lira, TRY) and 🇦🇪 gold price in the United Arab Emirates (Emirati dirham, AED)

FAQ

What is the gold price in South Korea?

The gold price in South Korea currently is KRW 2,698,011.93 for one ounce, KRW 86,743.10 for one gram and KRW 1,011,754.46 for one tola. (This price is from 22 February 2024.)

한국 금값은 얼마인가요?

현재 한국의 금 가격은 1온스에 대해 KRW 2,698,011.93, 1그램에 대해 KRW 86,743.10, 그리고 는 하나의 톨라입니다. (이 가격은 22 February 2024 기준입니다.)

What is the gold price in South Korean won?

The gold price in South Korean won is KRW 2,698,011.93 for one ounce, KRW 86,743.10 for one gram; as per 22 February 2024.

What is the 24 carat gold price in South Korea?

24 carat gold is considered pure gold. This is the same as the quoted gold price: KRW 2,698,011.93 for one ounce, KRW 86,743.10 for one gram and KRW 1,011,754.46 for one tola. (This price is from 22 February 2024.)

What is the 1 tola gold price in South Korea?

KRW 1,011,754.46 cost one tola of pure gold in South Korea. (This price is from 22 February 2024.) One tola is equivalent to approximately 11.6638038 grams. The price would be based on the current rate per gram, which changes regularly. For an exact figure, refer to a reliable financial resource.

What is the 10 gram gold price in South Korea?

The price for 10 grams of gold in South Korea is KRW 867,430.98. (This price is from 22 February 2024.) It can be determined by checking the current price per gram and multiplying by 10.

What is the 1 gram gold price in South Korea?

The 1 gram gold price in South Korea is KRW 86,743.10. (This price is from KRW 86,743.10.) The 1 gram gold price fluctuates daily based on market demand, currency strength, and other economic factors.

What is the 100 gram gold price in South Korea?

For 100 grams, simply multiply the current price of 1 gram by 100, which is KRW 8,674,309.79. (This price is from 22 February 2024.) A real-time gold price source would be the best place to get this information.

How is the gold price determined in South Korea?

Gold prices in South Korea are based on the global gold price, which is set by several banks and institutions (see also LMBA Fix in the UK and CME in the United States.) from Monday till Friday.  National economic conditions, domestic demand, and other financial market activities. Factors like global geopolitical events, the strength of the South Korean won, and interest rates play significant roles.

What role does the Bank of Korea have in influencing the gold prices in South Korea?

The Bank of Korea, or the Central Bank of Korea, holds gold reserves. Any announcement or activity related to buying, selling, or repatriating these reserves can influence market sentiments and, indirectly, gold prices.

How does the gold price in South Korea compare to other countries?

Gold prices in South Korea are based on the global gold price, which is set by several banks and institutions (see also LBMA Fix in the UK and CME in the United States.) from Monday till Friday. Eurozone economic conditions, domestic demand, and other financial market activities. Factors like global geopolitical events, the strength of the South Korean won, and interest rates play significant roles.

Do South Korean cities like Seoul, Busan or Incheon have different gold prices?

Gold prices generally remain consistent across the country. Therefore, everywhere in South Korea the gold price is the same. Fluctuations are explained by the markup of the gold dealer and a higher premium for certain gold coins and coins of smaller denominations.

helllo0