Gold Price
Check today's international gold and silver prices in Korean won (KRW). Prices are based on international futures market references and updated regularly.
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.
Actual buy and sell prices can differ from the reference price because of VAT, fabrication costs, dealer margin, and local market 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.