KRW Market
International Market
KRW Market Price Trend (5 months)
International Market Price Trend (5 months)
These rates are for reference only and may vary from actual transaction prices due to market conditions. Always verify with authorized exchanges.
4 Key Factors Moving Gold Prices
US Dollar Index
Since gold is globally traded in dollars, when the dollar value falls, gold prices tend to rise.
Real Interest Rates
Gold is an asset that does not generate interest. When rates rise, gold becomes less attractive, potentially lowering prices.
Inflation Hedge
When prices rise sharply and currency value drops, gold acts as a primary means of preserving value.
Geopolitical Risk
Intensifying international wars or political instability increases preference for safe-haven assets, boosting gold demand.
Why International and Domestic Prices Differ
USD/KRW Exchange Rate: International prices are in USD. Domestic prices are calculated using real-time exchange rates, making them sensitive to rate changes.
Import and Overhead Costs: Domestic prices include shipping, insurance, and local distribution margins not present in international spot prices.
10% VAT Inclusion: Buying physical gold bars incurs a 10% Value Added Tax (VAT), unlike trading through KRX accounts or ETFs.
💡 Useful Gold Investment Tips
- Purity Choice: Choose 24K for wealth preservation, and durable 18K or 14K for jewelry purposes.
- Don Weight: One "Don" used in Korea is exactly 3.75g. 1 Ounce (oz) is approximately 31.1g.
- Real-time Monitoring: Gold prices are volatile; always check real-time rates multiple times before purchasing.
What to Check in Gold Price Results
Korean gold is usually quoted per don (3.75 g). Buying and selling prices differ, and 18K and 14K prices are often quoted separately rather than as a simple percentage of 24K.
Worked example: Selling a 2-don pure gold ring
- Suppose the pure gold buying-back price is 675,000 KRW per don
- 2 don = 675,000 × 2 = 1,350,000 KRW
- For jewelry, many buyers deduct labor or loss before paying.
On the same day, the buying price is often more than 10% higher because 10% VAT and labor are added.
Before you rely on the result
- One don is 3.75 g.
- Jewelry can include labor and design costs.
- Selling price depends on condition and buyer policy.
- Before a transaction, check the dealer's posted prices and fees directly.
Frequently asked questions
Is 18K exactly 75% of the 24K price?
Purity is 75%, but real prices reflect product quotes, labor and buy-back rules. When the provider supplies 18K and 14K quotes, this calculator uses them.