Gold Price in South Korea | Live Updates 2023

24 Carat Gold Price In South Korea:
83545.25 (KWR) Per Gram

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The guide below provides gold price in South Korea converted into Swedish Kronas (SEK) when it comes to gold coins, gold bars, gold jewelry, and gold ornaments.

A good way to determine how much gold is worth is to convert it into Swedish Kronas (SEK).

Following is the table of latest prices as per measuring units of Gold.

*these rates are taken from some reliable sources of the industry.

South Korea’s economic growth will likely increase gold demand for both industrial and investment purposes.

Updated gold rates can be used to calculate gold prices for gold bars, coins, and other jewelry items.

Gold Price In South Korea Per Gram, Kilo, Ounce

Various gold prices in South Korea are shown in the following table (ounces, tolas, grams, kilograms, etc.).

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Changes in gold prices depends upon these Parameters

Supply and Demand: Based on the principle of the demand and supply rule, the gold price will increase if the demand increases.

Relation with Interest Rate:  The price of gold will decline as interest rates rise and gold purchases decrease.  

Ornaments:  In South Korea, gold jewelry is traditionally worn during weddings and other special occasions. Weddings and parties in South Korea are often marked by gold jewelry.  

Dollar to Local Currency Conversion:

 On international gold markets, prices are expressed in US dollars.

Calculating import prices involves taking into account the exchange rate between the South Korean Won (KRW) and the United States Dollar (USD).   

Gold Carat price in South Korea

This bird’s eye view will give you a general idea of gold carat prices.

You will find the prices per gram, per 10 grams, per Tola, per Aana, and per ounce in the table below, to know more about gold price in South Korea.

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Gold Measurements

In South Korea, gold weight is also measured in grams, kilograms, and tolas.

• 1 Tola = 11.66 grams
• 1 Ounce = 31.1034 grams
• 1 Kilograms = 1000 grams
• 1 troy ounce = 31.1034768 grams

The tools below allow you to convert gold weight between different units:-

Gold Price in South Korea | Calculator

From here, you can calculate the quantity of gold for any number of items

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Things to keep in mind before making a purchase

• Verify that the gold ornaments you plan to purchase are pure before you buy them.
• In addition to the daily fluctuation of gold prices, gold prices vary by location. The 22-karat gold price in South Korea today is shown below.
• Purity standards in different nations vary widely when it comes to gold.
• It weighs 916 grams of gold per gram of pure gold, so one gram of gold equals 91.66 grams in 100 grams.
• Jewelers also charge a fee for making gold ornaments. The jewelry maker typically charges 15 percent of the current price of gold.

Gold Rates issuing authority

 Gold’s value is influenced by a number of factors. Government agencies, central banks, and jewelry associations determine the spot gold price.  

National Bank of South Korea, is one of South Korea’s most important sources of information regarding gold prices.

Gold Carats In South Korea

Various carats and their respective Hallmark of Gold jewelry are as follows:

There are six types of hallmarked gold sold in South Korea jewelry stores:

• 375 hallmarked gold (9 carat gold)
• 585 hallmarked gold (14 carat gold)
• 750 hallmarked gold (18 carat gold)
• 875 hallmarked gold (21 carat gold)
• 916 hallmarked gold (22 carat gold)
• 958 hallmarked gold (23 carat gold)
• 999 hallmarked gold (24 carat gold)

Historical Prices for All Gold Carats

Making accurate gold price predictions requires the study of historical gold prices 

DATE	24k Price (KWD)	22k Price (KWD)	21k Price (KWD)	18k Price (KWD)	14k Price (KWD)
30 May 2023	19.17	17.57	16.77	14.37	11.18
29 May 2023	19.24	17.64	16.83	14.43	11.23
28 May 2023	19.24	17.64	16.83	14.43	11.23
27 May 2023	19.24	17.64	16.83	14.43	11.23
26 May 2023	19.27	17.67	16.86	14.45	11.25
25 May 2023	19.35	17.74	16.93	14.51	11.29
24 May 2023	19.52	17.89	17.08	14.64	11.39
23 May 2023	19.37	17.76	16.95	14.52	11.30
22 May 2023	19.52	17.89	17.07	14.63	11.39
21 May 2023	19.52	17.89	17.07	14.63	11.39
20 May 2023	19.52	17.89	17.07	14.63	11.39
19 May 2023	19.38	17.76	16.95	14.53	11.31
18 May 2023	19.55	17.92	17.11	14.66	11.41
17 May 2023	19.67	18.03	17.21	14.75	11.48
16 May 2023	19.89	18.23	17.40	14.91	11.61
15 May 2023	19.90	18.24	17.41	14.92	11.61
14 May 2023	19.86	18.20	17.37	14.89	11.59
13 May 2023	19.86	18.20	17.37	14.89	11.59
12 May 2023	19.83	18.18	17.35	14.87	11.57
11 May 2023	20.02	18.35	17.52	15.01	11.68
10 May 2023	20.03	18.36	17.53	15.02	11.69
9 May 2023	19.95	18.29	17.45	14.96	11.64
8 May 2023	19.94	18.28	17.44	14.95	11.63
7 May 2023	19.86	18.20	17.37	14.89	11.59
6 May 2023	19.86	18.20	17.37	14.89	11.59
5 May 2023	20.18	18.49	17.65	15.13	11.77
4 May 2023	20.13	18.46	17.61	15.10	11.75
3 May 2023	19.86	18.20	17.37	14.89	11.59
2 May 2023	19.52	17.89	17.07	14.63	11.39
1 May 2023	19.55	17.92	17.11	14.66	11.41

Gold Price in Other Countries

Check out gold price in other featured countries from the list below

Disclaimer:

There is some difference that one can notice between the international market and the local currency.

Most sources update their prices every 15 minutes, but there are some that update every five minutes.

JewellsMark, neither controls nor is responsible for the international gold price.