Gold Price in KRW
1 oz Gold = 5,379,235.40 KRW · 1 g Gold = 172,946.43 KRW
Provider's last update: 2026-10-29 21:20 UTC · Source: gold-api.com (time reported by the provider; it may be when the provider last checked the price, not the last market trade)
USD→KRW conversion: ECB reference rate of 2026-10-29
Gold to KRW by weight
1 troy ounce of gold = 5,379,235 KRW
Troy ounce (31.1035 g) — the standard unit for precious metals, not the 28.35 g ounce used for food.
Spot value of the pure metal. A jeweller's or dealer's buying and selling prices are different.
Quick Stats
Gold to KRW — Common Amounts
| Amount | Value (KRW) |
|---|---|
| 1 g Gold | 172,946 KRW |
| 5 g Gold | 864,732 KRW |
| 10 g Gold | 1,729,464 KRW |
| 20 g Gold | 3,458,929 KRW |
| 50 g Gold | 8,647,322 KRW |
| 100 g Gold | 17,294,643 KRW |
| 1 oz Gold | 5,379,235 KRW |
| 5 oz Gold | 26,896,177 KRW |
| 10 oz Gold | 53,792,354 KRW |
About Gold as an Asset
Gold is a widely recognized store of value, held by central banks, investors, and individuals across every continent. Unlike fiat currencies, its supply cannot be expanded by a central bank — its scarcity and durability have made it a store of value and a basis for money throughout recorded history. Today, gold functions simultaneously as a financial asset, a safe-haven holding, and an industrial material.
💡 Gold barely corrodes and is widely recycled, so gold mined centuries ago can still be in use today — in jewellery, bars, coins, electronics and central bank vaults.
What Drives Gold Prices
- US Dollar strength — gold is priced in USD; a weaker dollar makes gold cheaper for foreign buyers
- Real interest rates — higher rates raise the opportunity cost of holding non-yielding gold
- Central bank buying and selling — official reserve managers hold large amounts of gold
- Geopolitical risk — wars, sanctions, and political uncertainty drive safe-haven demand
- Inflation expectations — gold is widely used as a long-term inflation hedge
- ETF flows — gold-backed exchange-traded funds buy and sell physical metal as investors move in and out
Editorial content last reviewed: 2026-10-22
Gold & KRW — Local Context
South Korean investors can hold gold through bank gold accounts, exchange-traded products and the Korea Exchange gold market. The country's large electronics industry also uses gold in components, linking local industry to global gold demand.