Gold price per tael: Hong Kong vs mainland China
A Hong Kong tael weighs 37.429 g; a mainland China metric tael weighs 50 g. These are different weights, not different gold prices. Confirm the weight and fineness before comparing a Hong Kong jeweller's quote with a mainland quote.
| Standard | Grams | HKD | CNY | USD | SGD |
|---|---|---|---|---|---|
| Hong Kong tael | 37.429 | — | — | — | — |
| Mainland China tael | 50 | — | — | — | — |
Spot value = USD price per troy ounce ÷ 31.1034768 × tael weight × current exchange rate. Multiply by the tested fineness for jewellery; a 999 hallmark represents 99.9% gold. Local retail premiums, making charges and a buyer's deductions are separate.
Gold market chart
Historical benchmark in KRW per troy ounce; weight conversions are shown in the tables.
Gold Price Chart in KRW per Tael (Shanghai / Mainland China)
Live gold price history in South Korean Won (KRW) per tael (shanghai / mainland china). Toggle 24H, 7D, 30D, and 1Y ranges to analyze gold trends.
Quick Calculator
Calculate gold value
= 50.0000 grams
= 1.607537 troy ounces
Price per tael (SH): —
Gold price by currency
Fine gold per tael (shanghai / mainland china) · current exchange rates
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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 Tael (Shanghai / Mainland China)? Gold weight, conversions and local use
Definition. The Shanghai or metric tael is exactly 50 grams, the rounded unit adopted in mainland China after metrication. Locally it is written 市两 (shìliǎng). One tael (shanghai / mainland china) equals 50 grams, or 1.60754 troy ounces, which at today's gold spot price works out to — KRW.
Where it is used. Shanghai Gold Exchange contracts settle in kilograms, but retail shops and traditional dealers still speak in 市两 of 50 g, and 50 g bars are a popular gift and savings format. The unit is the trading standard in mainland China.
Pricing conventions. Mainland quotes are set against the SGE benchmark in yuan per gram; converting to a dollar price per 50 g tael is the usual way to compare Shanghai with London and see whether China is paying a premium. 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. The metric tael is noticeably heavier than the Hong Kong tael (50 g vs 37.429 g) — the two are not interchangeable, and confusing them overstates a price by a third.
Gold price per Tael (Shanghai / Mainland China) in KRW — quick conversion table
| Quantity | Grams | Troy ounces | Value (KRW) |
|---|---|---|---|
| 1 tael (shanghai / mainland china) | 50 g | 1.6075 oz t | — |
| 5 tael (shanghai / mainland china)s | 250 g | 8.0377 oz t | — |
| 10 tael (shanghai / mainland china)s | 500 g | 16.0754 oz t | — |
| 100 tael (shanghai / mainland china)s | 5,000 g | 160.7537 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 tael (shanghai / mainland china), 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 tael (shanghai / mainland china) 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 tael (shanghai / mainland china) 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 Tael (Shanghai / Mainland China) in South Korean Won
The current gold price per tael (shanghai / mainland china) 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 tael (shanghai / mainland china)s, which may be more practical for local transactions.
The Shanghai or mainland China tael (市两, shìliǎng) is a metric tael equal to exactly 50 grams. It is the standard unit for precious metals trading in mainland China. 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 many grams are in a Hong Kong tael of gold?
A Hong Kong tael weighs 37.429 grams. Multiply the live fine-gold price per gram by 37.429 for its spot value; adjust for the tested fineness for jewellery.
Is a mainland China tael the same weight?
No. A mainland China metric tael weighs 50 grams, compared with 37.429 grams in Hong Kong. The larger weight has a proportionally higher metal value at the same spot price.
Can I compare gold tael prices in HKD, CNY, USD and SGD?
Yes. The comparison table shows both 37.429 g and 50 g taels in HKD, CNY, USD and SGD using the same live USD gold quote and current exchange rates. Retail premiums and jewellery making charges are excluded.
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 tael (shanghai / mainland china). Prices refresh every 5 minutes and follow the international Gold spot price converted to South Korean Won.
How much is 1 tael (shanghai / mainland china) of gold in KRW?
1 tael (shanghai / mainland china) 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 tael (shanghai / mainland china) = 50 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 tael (shanghai / mainland china) 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.