Gold market chart
Historical benchmark in KRW per troy ounce; weight conversions are shown in the tables.
Gold Price Chart in KRW per Mesghal
Live gold price history in South Korean Won (KRW) per mesghal. Toggle 24H, 7D, 30D, and 1Y ranges to analyze gold trends.
Quick Calculator
Calculate gold value
= 4.6875 grams
= 0.150707 troy ounces
Price per mesghal: —
Gold price by currency
Fine gold per mesghal · current exchange rates
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US Dollar
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Euro
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British Pound
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Japanese Yen
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Swiss Franc
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Australian Dollar
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Canadian Dollar
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Indian Rupee
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Chinese Yuan
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Singapore Dollar
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Hong Kong Dollar
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UAE Dirham
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Saudi Riyal
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Mexican Peso
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Brazilian Real
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Russian Ruble
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Turkish Lira
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Danish Krone
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Taiwan Dollar
Gold price by weight
| Weight | Grams | Spot value (KRW) |
|---|---|---|
| Troy Ounce | 31.1035 | — |
| Gram | 1 | — |
| Kilogram | 1000 | — |
| Pennyweight | 1.55517 | — |
| Tola | 11.6638 | — |
| Tael (Hong Kong) | 37.429 | — |
| Tael (Shanghai / Mainland China) | 50 | — |
| Tael (Taiwan) | 37.5 | — |
| Grain | 0.0648 | — |
| Momme | 3.75 | — |
| Baht | 15.244 | — |
| Chi | 3.75 | — |
| Don | 3.75 | — |
| Mesghal | 4.6875 | — |
Gold price by karat & hallmark
Metal-only melt value; stones and making charges are not included.
What is a Mesghal? Gold weight, conversions and local use
Definition. The mesghal (4.6875 g) is the traditional Persian unit for gold, equal to 4.6875 g or 4.608 g depending on the local standard. Locally it is written مثقال. One mesghal equals 4.6875 grams, or 0.15071 troy ounces, which at today's gold spot price works out to — KRW.
Where it is used. Iranian bazaar dealers quote 17-carat (705) gold per mesghal, and the mesghal rate is published alongside the coin (Bahar Azadi) price. The unit is the trading standard in Iran and parts of the Middle East.
Pricing conventions. Because Iranian jewellery is traditionally 18K sold at a 705 assay, converting a mesghal quote to a world price requires adjusting for purity as well as weight. Gold is the metal most often traded in these traditional units, because jewellery and savings demand kept the old weights alive long after industry went metric.
Good to know. One mesghal equals 5 dirham in the old Persian system; the sooth (soot) subdivides it further for small stones.
Gold price per Mesghal in KRW — quick conversion table
| Quantity | Grams | Troy ounces | Value (KRW) |
|---|---|---|---|
| 1 mesghal | 4.688 g | 0.1507 oz t | — |
| 5 mesghals | 23.438 g | 0.7535 oz t | — |
| 10 mesghals | 46.875 g | 1.5071 oz t | — |
| 100 mesghals | 468.75 g | 15.0707 oz t | — |
Values are calculated from the live XAU spot price converted into South Korean Won and refresh with the price above.
Buying Gold in South Korea: local market, taxes and premiums
At the live price shown above per mesghal, the price you see here is the international XAU spot price converted into South Korean Won. Physical buyers in South Korea pay that reference plus a premium, and local trading is concentrated around Seoul's Jongno gold district and the KRX Gold Market. Buyers there generally watch the KRX gold price in won per gram as the day's reference.
Taxes and duties. Trades on the KRX Gold Market are exempt from VAT and capital gains tax; over-the-counter bar purchases carry 10% VAT. Gold is the deepest of the four precious metals markets, so local retail spreads are usually the tightest and buy-back is easiest. That is why the shop price of gold in KRW can sit noticeably above the spot value of the same mesghal of metal.
How people usually buy. The common routes in South Korea are KRX Gold Market accounts, bank gold banking accounts, Jongno wholesale jewellers and online dealers. The products most often quoted locally include 3.75 g don units, 100 g and 1 kg bars, 24K gift coins.
Local conventions. Korean gold is traded in don (돈), a 3.75 g unit used for baby-gift rings and traditional jewellery, alongside gram-based bars. Before you buy, compare the dealer's asking price per mesghal with the live gold price above, and check the buy-back spread the same dealer offers — that round-trip cost matters more than a small difference in the headline KRW quote.
Market information only, updated with live prices. Not tax or investment advice; tax rules in South Korea can change.
Other Precious Metals in KRW
Compare prices across different precious metals
About Gold Price in KRW
What is Gold?
Gold is a chemical element with symbol Au and atomic number 79. It is a dense, soft, malleable metal that has been used as a store of value for thousands of years.
History
Gold has been known and used by artisans since the Chalcolithic age. Egypt and especially Nubia had the resources to make them major gold-producing areas for much of history.
Common Uses
Interesting Facts
- •Gold is one of the least reactive chemical elements
- •All the gold ever mined would fit in a cube about 21 meters on each side
- •Gold is so malleable that a single gram can be beaten into a sheet of 1 square meter
Gold Price Per Mesghal in South Korean Won
The current gold price per mesghal in South Korean Won (KRW) is updated in real-time based on international market rates. Gold is traded globally and its price fluctuates based on supply and demand, economic conditions, and geopolitical factors.
When buying or selling gold in South Korea, it's important to understand that prices are typically quoted in troy ounces on international markets. Our converter helps you easily calculate the price in mesghals, which may be more practical for local transactions.
The mesghal is a traditional unit of weight used in Iran and the Middle East for gold. This unit is commonly used when trading gold in various markets around the world.
Gold Long-Term Returns vs Current KRW Price
How gold has performed over 1, 5, 10, and 20 years against today's spot price (USD/oz). Useful for South Korea investors tracking gold in KRW.
| Period | Start date | Price then | Return |
|---|
Historical prices are approximate annual averages, interpolated between anchor years (1980–2026).
Gold price in KRW – FAQ
How much does one ounce of gold cost in KRW today?
One troy ounce of gold currently costs approximately the live spot price shown on this page. This live spot price is refreshed every 5 minutes from MetalflowAPI market data and reflects the international XAU/KRW rate.
What is the current gold rate in South Korea today?
The current gold rate in South Korea is the live spot price shown on this page per mesghal. Prices refresh every 5 minutes and follow the international Gold spot price converted to South Korean Won.
How much is 1 mesghal of gold in KRW?
1 mesghal of gold equals the live spot price shown on this page today. This is calculated from the live spot price per troy ounce, converted via the KRW exchange rate (1 mesghal = 4.6875 grams).
How is the gold price per mesghal calculated?
The gold price per mesghal is calculated by converting the international spot price (quoted per troy ounce in USD) to KRW using the current exchange rate, then converting to the mesghal weight unit (1 mesghal = 4.6875 grams).
Do I pay tax or VAT when buying gold in South Korea?
Trades on the KRX Gold Market are exempt from VAT and capital gains tax; over-the-counter bar purchases carry 10% VAT. Always confirm the current rule with the dealer, because the tax treatment changes the real cost per mesghal more than small differences in the KRW spot quote.
Where do people usually buy gold in South Korea?
The usual routes are KRX Gold Market accounts, bank gold banking accounts, Jongno wholesale jewellers, online dealers. Local trading is centred on Seoul's Jongno gold district and the KRX Gold Market, and the products most often quoted are 3.75 g don units, 100 g and 1 kg bars, 24K gift coins.
Why is the shop price of gold higher than the spot price in KRW?
Retail prices add a dealer premium covering refining, minting, shipping, insurance and margin, plus any local tax. Gold is the deepest of the four precious metals markets, so local retail spreads are usually the tightest and buy-back is easiest. Compare the asking price per mesghal with the live spot value above, and check the dealer's buy-back spread.
Which price reference does the South Korea gold market follow?
Local buyers generally follow the KRX gold price in won per gram, converted into South Korean Won (KRW). Korean gold is traded in don (돈), a 3.75 g unit used for baby-gift rings and traditional jewellery, alongside gram-based bars.