Gold Price
Check today's international gold and silver prices in US dollars (USD). The primary quote is USD per troy ounce, with gram, 10g, and Korean don reference units.
What does the gold price mean?
The international gold price is usually quoted per troy ounce, which is 31.1035 grams. In Korea, retail gold is also commonly discussed in don, where 1 don equals 3.75 grams.
This page uses the dollar-denominated international quote as the main value. Local retail buy and sell prices can differ because of exchange rates, VAT, fabrication costs, dealer margin, and local spreads.
Unit Guide
- Don: Korean gold weight unit. 1 don = 3.75g.
- Troy ounce: International precious-metal trading unit. 1 troy oz = 31.1035g.
- 10g: Common reference unit for bars and local retail comparison.
Frequently Asked Questions
Why does the gold price move?
Gold often reacts to inflation expectations, interest rates, the US dollar, geopolitical risk, and demand for safe-haven assets.
Why is the Korean retail price different?
Korean retail prices usually include the USD/KRW exchange rate, VAT, manufacturing costs, and dealer margin.
Where can I buy gold in Korea?
Common options include bank gold accounts, the KRX gold market, certified gold dealers, and major jewelry retailers.