Gold Market Report
South Korea Gold Market Report
Independently researched coverage of the South Korea gold market, last verified Sep 1, 2026. 24K gold is currently ₩187,798.74 per gram.
See the live gold price page for South Korea →Research coverage
4 of 4 research sections published for South Korea.
- About this market
- Market notes
- Buying guide
- Tax & duty notes
Gold Price by Purity
Live prices in KRW.
| Purity | Per g | Per oz t | Per tola | Per kg |
|---|---|---|---|---|
| 24 karat (999.9) | ₩187,798.74 | ₩5,841,193.68 | ₩2,190,447.63 | ₩187,798,737.72 |
| 22 karat (916.7) | ₩172,172.32 | ₩5,355,157.76 | ₩2,008,184.16 | ₩172,172,320.10 |
| 21 karat (875) | ₩164,340.33 | ₩5,111,555.63 | ₩1,916,833.36 | ₩164,340,329.54 |
| 18 karat (750) | ₩140,863.14 | ₩4,381,333.39 | ₩1,643,000.02 | ₩140,863,139.61 |
| 14 karat (583.3) | ₩109,553.96 | ₩3,407,509.03 | ₩1,277,815.88 | ₩109,553,959.11 |
| 10 karat (416.7) | ₩78,263.56 | ₩2,434,268.83 | ₩912,850.81 | ₩78,263,560.36 |
Trend
Last 3 months
Per gram · KRW
- Change
- +6.59%
- Low
- ₩174,159.86
- High
- ₩202,079.67
Historical data is presented from the site's retained market samples and daily rollups.
View full history →About the South Korea gold market
A distinctive driver of everyday gold demand in South Korea is "doljanchi," the traditional first-birthday celebration, where guests customarily gift the baby small rings or tokens made of pure 24K gold as a wish for prosperity.
Read the full section on the live price page →Market notes
South Korea applies its standard 10% VAT to both physical gold bars and jewellery, though gold traded on the Korea Exchange (KRX) gold market is VAT- and capital-gains-tax-free as long as it stays within the exchange -- VAT only applies once a trader takes physical delivery.
Read the full section on the live price page →Buying gold in South Korea
Buying gold through the Korea Exchange rather than a physical retail dealer avoids South Korea's 10% VAT entirely, as long as the gold remains on the exchange rather than being physically withdrawn -- worth knowing if comparing an exchange-traded price to a retail quote.
Read the full section on the live price page →Tax & duty notes
South Korea's standard 10% VAT applies to physical gold bars and jewellery bought through retail channels. Gold traded on the Korea Exchange (KRX) gold market avoids both VAT and capital gains tax as long as it isn't physically withdrawn; once a trader takes physical delivery, the standard 10% VAT applies.
Read the full section on the live price page →Sources
What the South Korea research is based on
Each claim below traces to a specific, checkable source rather than a general reference.
- BullionStar — Learn About South Korea's Gold Market
Supports: KRX gold market's VAT/CGT-free trading status while gold stays on-exchange, and 10% VAT on physical delivery
Checked Sep 1, 2026
- PwC Worldwide Tax Summaries — Korea, Republic of: Other taxes
Supports: South Korea's 10% standard VAT rate
Checked Sep 1, 2026
Related markets
More gold markets in Asia
South Korea's immediate sub-region doesn't list enough markets on its own, so this also includes other Asia countries.
Learn
Guides relevant to this gold market
- education
How Gold Prices Work
Gold prices are set globally in USD per troy ounce and translated into every local market using exchange rates and purity.
- weight
Gold Weight Units Explained
Gram, troy ounce, tola, baht, kilogram — a complete conversion guide.
- purity
Gold Hallmarks Explained
What 999, 916, 875, 750 and 585 stamps actually mean.
- purity
24K vs 22K Gold: What's the Difference?
24K is nearly pure gold. 22K is 91.6% gold mixed with other metals for durability. Learn which suits investment vs. jewelry.
- buying
How to Buy Gold Safely
A step-by-step buyer's guide covering dealers, hallmarks, receipts and storage.
- investment
Gold Investment Basics
Bars, coins, ETFs, jewelry — how to start investing in gold.
Explore further
Gold terminology for this report
Methodology
How we calculate the price
- We fetch the international spot gold price (XAU/USD) live from xaus.com + gold-api.com, with automatic failover between providers.
- The spot rate is converted into the local currency using live exchange rates from exchangerate-api.com, then scaled by purity (24K, 22K, 18K…) and by weight (gram, tola, ounce, kilogram, baht).
- The result is the pure spot value. Retail counters may add dealer premium, tax and making charges — the number here is the underlying benchmark.