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๐ฐ๐ท Gold Price Today in South Korea | โฉ5,639,639
Live gold price in South Korean Won (KRW) โ updated every 5 minutes
Last updated: Jun 18, 2026, 10:51 PM ET
Per Gram (KRW)
โฉ181,318.45
Per Troy Oz (KRW)
โฉ5,639,639
Per Kg (KRW)
โฉ181,318,453
USD/Gold Spot
$4,177.51/oz
USD/KRW Rate
1 USD = 1350 KRW
KRW per gram
โฉ181,318.45
Gold Market in South Korea
South Korea has a sophisticated financial market with gold trading on the Korea Exchange (KRX) gold market, launched in 2014. The Bank of Korea holds approximately 104 tonnes in gold reserves. South Korean consumers are strong buyers of gold jewellery, particularly for hwangap (60th birthday) celebrations and wedding traditions.
Why do people in South Korea buy gold?
South Korean investors are increasingly turning to gold for diversification alongside the country's dominant equity markets. KRX gold is exempt from capital gains tax if held in a real-name investment account โ a significant benefit. Cultural demand for 24K gold jewellery and gifts drives significant retail demand.
Frequently Asked Questions โ Gold in South Korea
What is the gold price in South Korea today in won?
Korean gold prices in KRW are published by the Korea Exchange (KRX) and major dealers. Prices track international USD spot converted at the USD/KRW rate set by the Bank of Korea.
What is the KRX gold market?
The Korea Exchange (KRX) launched a gold spot market in 2014, allowing retail investors to buy and sell physical gold in 1g lots with VAT exemption. It is the most transparent and cost-efficient way to invest in physical gold in Korea.
Is VAT charged on gold in South Korea?
Gold purchases outside the KRX gold market are subject to 10% VAT. Gold purchased through the KRX gold market is VAT-exempt and also exempt from capital gains tax, making the exchange the preferred investment vehicle.
Is gold popular as a gift in South Korea?
Yes. 24K gold rings (๋๋ฐ์ง) are a traditional gift at a baby's first birthday (doljanchi). Pure gold bars are given for major milestones like 60th birthdays, weddings, and New Year. Donggwi jewellery shops specialising in gold rings are common throughout the country.