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Gold Price in South Korea | Live Updates 2023

24 Carat Gold Price In South Korea:
75511.51 (KWR) Per Gram


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).

Gold Rate In South Korea

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

Unit
(Buying Gold)
Price (KRW) Price (USD)
Gold Gram Carat 2475511.43760.527
Gold Gram Carat 2269218.85755.517
Gold Gram Carat 2166072.56753.017
Gold Gram Carat 1856633.68745.507
Gold Gram Carat 1444048.51735.487
Gold Gram Carat 1237755.93730.477
Gold Gram Carat 1031463.34725.467

*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.).

Unit
(Selling Gold)
Price
(KRW)
1 Ounce 24 Carat2350792.431
1 Tola 24 Carat881547.231
1 Gram 24 Carat75460.431
10 Grams 24 Carat754604.431
1 Kilo 24 Carat75460436.031

Table Of Contents
  1. Gold Price In South Korea Per Gram, Kilo, Ounce
  2. Changes in gold prices depends upon these Parameters
  3. Gold Carat price in South Korea
  4. Gold Measurements
    • Vori To Grams Converter
    • Grams To Vori Converter
    • Vori To Aana Converter
    • Gram To Aana Converter
  5. Gold Price in South Korea | Calculator
  6. Things to keep in mind before making a purchase
  7. Gold Rates issuing authority
  8. Gold Carats In South Korea
  9. Historical Prices for All Gold Carats
  10. Gold Price in Other Countries
  11. Disclaimer:

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.

Carats Per Gram Price
(KRW)
10 Grams Price
(KRW)
Vori (Tola) Price
(KRW)
1 Aana Price
(KRW)
1 Ounce Price
(KRW)
24K Gold75460.5754605879869.4355086.1652139305.175
23K Gold72316.4723164843209.22452790.9722050169.94
22K Gold69172.2691722806547.85250495.7061961031.87
21K Gold66028660280769886.4848200.441871893.8
18K Gold56595.4565954659902.36441314.6421604479.59
16K Gold50307.1503071586580.78636724.1831426206.285
14K Gold44018.7440187513258.04232133.6511247930.145
10K Gold31441.9314419366612.55422952.587891377.865
9K Gold28297.8282978329952.34820657.394802242.63

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:-

Vori To Grams Converter

Type a value in the Vori field to convert the value to Grams:

Grams:

Grams To Vori Converter

Type a value in the Grams field to convert the value to Vori:

Vori:

Vori To Aana Converter

Type a value in the Vori field to convert the value to Aana:

Aana:

Gram To Aana Converter

Type a value in the Grams field to convert the value to Aana:

Aana:

Gold Price in South Korea | Calculator

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

Quantity
(Select the No.
by pressing Up/Down key)
Gold Unit Price
(KRW)
Price
(USD)
Vori / Tola880460.7086703.098
Ounce2140742.80351709.505
Kilo Grams7551121060300
Gram 24 Carat75511.2160.3
Gram 22 Carat69168.2683655.2348
Gram 21 Carat66072.3087552.7625
Gram 20 Carat62976.3491450.2902
Gram 18 Carat56633.407545.225
Gram 14 Carat44023.0354335.1549
Gram 10 Carat31412.6633625.0848
Aana 55123.183344.019
Ratti414556.5429331.047
Masha77776.546362.109

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)
07 February18.4116.8816.1113.8010.74
06 February18.4016.8716.1013.8010.74
05 February18.3016.7716.0113.7210.68
04 February18.3016.7716.0113.7210.68
03 February18.8017.2316.4414.0910.97
02 February19.1517.5516.7514.3611.17
01 February18.9117.3316.5414.1811.04
31 January18.8517.2816.4914.1311.00
30 January18.9917.4016.6114.2311.08
29 January18.9117.3316.5414.1811.04
28 January18.9117.3316.5414.1811.04
27 January18.8817.3016.5214.1511.02
26 January19.0817.4916.6914.3111.13
25 January18.9217.3416.5514.1811.04
24 January18.9917.4116.6214.2411.08
23 January18.9717.3916.5914.2211.07
22 January18.9317.3516.5614.1911.05
21 January18.9317.3516.5614.1911.05
20 January18.8817.3116.5214.1611.02
19 January18.7417.1716.3914.0510.93
18 January18.6517.1016.3213.9910.88
17 January18.7717.2116.4214.0810.95
16 January18.8317.2616.4714.1210.99
15 January18.8317.2616.4714.1210.99
14 January18.8317.2616.4714.1210.99
13 January18.5917.0416.2713.9410.85
12 January18.5216.9716.2013.8810.80
11 January18.4916.9516.1813.8610.79
10 January18.4216.8816.1113.8110.75
09 January18.4716.9316.1613.8510.78

Gold Price in Other Countries

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

  • Gold Price In Georgia
  • Gold Price In France
  • Gold Price In Sudan
  • Gold Price In Sweden
  • Gold Price In Brazil
  • Gold Price In Nepal

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.

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