Gold & Silver Price Today in South Korea
Live prices per don in KRW
Live gold and silver prices in South Korea in KRW. Gold karats 24/22/21/18/14K and silver purities 999/925/900 — updated daily.
🥇 Gold Price — South Korea
| Karat | Per Don (KRW) |
|---|---|
| 24K | |
| 22K | |
| 21K | |
| 18K | |
| 14K |
KRW/don
KRW/don
KRW/don
KRW/don
KRW/don
21K Gold — 7-Day Chart (KRW/don)
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Silver Price Today in South Korea
Fine 999, Sterling 925 and Coin 900 silver prices in KRW per don, ounce and kilo. Updated daily from live XAG/USD rates.
| Purity | Per Don (KRW) |
|---|---|
Fine 999 Silver — 7-Day Chart (KRW/don)
Gold in South Korea
South Korea has a growing and modern gold market, where gold plays a dual role as a gifting tradition and investment asset. The traditional gold unit in Korea is the don (3.75 grams), used in jewelry shops and markets. Prices are quoted in Korean Won (KRW) and the market is well-regulated by the Korea Exchange (KRX), which operates a formal gold spot market.
Local Market Context
Seoul's Jongno jewelry district (종로 귀금속 거리) is South Korea's primary gold trading hub, with hundreds of wholesalers, fabricators, and retailers concentrated in one area. The Korea Exchange (KRX) operates Korea Gold Market (KGM), a regulated spot exchange enabling gold trading with VAT benefits for members. Major bullion dealers include the Korea Minting, Security Printing and ID Card Operating Corporation (KOMSCO).
Taxes & Duties on Gold in South Korea
South Korea applies a 3% import tariff on gold bullion and a 10% VAT on jewelry. Purchases through the Korea Exchange's KGM platform are VAT-exempt for registered participants, providing a significant incentive for institutional buyers. Retail purchases through jewelry shops include the full 10% VAT. Freshgoldprice.com's prices reflect the standard retail rate including both the 3% duty and 10% VAT.
Buying Tips for South Korea
Buy from Jongno district dealers for competitive wholesale-adjacent pricing. Check the KRX-published daily gold price as your baseline. KOMSCO-issued gold coins and bars are the most trusted investment format for retail buyers. For jewelry, verify the Korean Jewelry Association hallmark. Keep receipts — important for customs and future resale.
Gold as an Investment in South Korea
The Korea Exchange's Gold Market (한국금거래소) allows individual investors to buy gold at near-wholesale prices with a VAT exemption for those with a trading account. KOMSCO gold bars and coins offer liquidity through licensed dealers. Gold ETFs on KRX provide market-price exposure without physical storage concerns. KRW-denominated gold has historically offered good long-term inflation protection.
Gold & Silver Price FAQ — South Korea
- What is the gold price per gram in South Korea today?
- The current gold price per gram in South Korea is shown in the gold table above in KRW, sourced from international XAU/USD spot rates converted to local currency.
- Which gold karat is most popular in South Korea?
- 99.99% (24K) and 18K gold are commonly traded in South Korea. The don (3.75 g) is the traditional local weight unit. The price is shown in the table above in KRW per don.
- How are gold karats calculated?
- Pure gold is 24K. Price per don of each karat = 24K price × (karat ÷ 24). So 24K gold = 100% pure gold.
- What is the silver price per gram in South Korea today?
- The current silver Fine 999 price per gram in South Korea is shown in the silver section above in KRW, updated daily from live XAG/USD spot rates.
- What is the difference between Fine 999 and Sterling 925 silver?
- Fine 999 silver is 99.9% pure and is the standard for investment bars and bullion. Sterling 925 is 92.5% silver alloyed with copper, widely used for jewelry and silverware.
- What is a don (돈) of gold in South Korea?
- A don (돈) is a traditional Korean weight unit equal to 3.75 grams. South Korean gold is commonly priced and traded per don.
- Does the gold price in South Korea include taxes?
- Yes — the displayed price includes 3% import duty and 10% VAT, compounded into the final figure shown above.
- What is a 'don' (돈) in Korean gold measurement?
- A don (돈) is a traditional Korean unit of weight equal to 3.75 grams, historically used for gold and silver. It remains the standard unit in Korean gold jewelry shops and wholesale markets, though grams are also displayed in modern retail.
- What is Korea Gold Market (KGM) and how does it benefit buyers?
- Korea Gold Market (한국금거래소) is an exchange operated by the Korea Exchange (KRX) for trading physical gold. Registered participants can buy gold VAT-free, significantly undercutting retail jewelry shop prices by avoiding the 10% VAT.
- Is there a Korean equivalent of an investment gold coin?
- Yes. KOMSCO (the Korea Minting Corporation) produces Cheollima gold coins in various sizes, which are widely recognized and accepted for buyback by licensed dealers. They are considered South Korea's most liquid investment gold product.