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 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.