Platinum market chart
Historical benchmark in KRW per troy ounce; weight conversions are shown in the tables.
Platinum Price Chart in KRW per Tael (Shanghai / Mainland China)
Live platinum price history in South Korean Won (KRW) per tael (shanghai / mainland china). Toggle 24H, 7D, 30D, and 1Y ranges to analyze platinum trends.
Quick Calculator
Calculate platinum value
= 50.0000 grams
= 1.607537 troy ounces
Price per tael (SH): —
Platinum price by currency
Fine platinum per tael (shanghai / mainland china) · 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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South Korean Won
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South African Rand
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Russian Ruble
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Turkish Lira
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Polish Zloty
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Thai Baht
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Malaysian Ringgit
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Indonesian Rupiah
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Philippine Peso
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Vietnamese Dong
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New Zealand Dollar
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Swedish Krona
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Norwegian Krone
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Danish Krone
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Czech Koruna
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Taiwan Dollar
Platinum 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 | — |
What is a Tael (Shanghai / Mainland China)? Platinum 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 platinum 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. Platinum has almost no traditional-unit retail market: it is quoted per ounce or per gram, and this conversion is mainly used for jewellery weighing and industrial stock.
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.
Platinum 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 XPT spot price converted into South Korean Won and refresh with the price above.
Buying Platinum 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 XPT 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. Silver, platinum and palladium carry 10% VAT in retail form with no equivalent tax-free exchange route. Platinum is a much smaller market driven by autocatalyst and jewellery demand, so local availability is patchier and dealer spreads wider. That is why the shop price of platinum 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 platinum 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 Platinum Price in KRW
What is Platinum?
Platinum is a dense, malleable, ductile, highly unreactive, precious, silverish-white transition metal. It is one of the rarer elements in Earth's crust.
History
Platinum was used by pre-Columbian Americans near modern-day Esmeraldas, Ecuador. The first European reference to platinum appears in 1557.
Common Uses
Interesting Facts
- •Platinum is 30 times rarer than gold
- •About 70% of platinum production goes to catalytic converters
- •South Africa produces about 70% of the world's platinum
Platinum Price Per Tael (Shanghai / Mainland China) in South Korean Won
The current platinum price per tael (shanghai / mainland china) in South Korean Won (KRW) is updated in real-time based on international market rates. Platinum is traded globally and its price fluctuates based on supply and demand, economic conditions, and geopolitical factors.
When buying or selling platinum 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 platinum in various markets around the world.
Platinum Long-Term Returns vs Current KRW Price
How platinum has performed over 1, 5, 10, and 20 years against today's spot price (USD/oz). Useful for South Korea investors tracking platinum in KRW.
| Period | Start date | Price then | Return |
|---|
Historical prices are approximate annual averages, interpolated between anchor years (1980–2026).
Platinum price in KRW – FAQ
How much does one ounce of platinum cost in KRW today?
One troy ounce of platinum 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 XPT/KRW rate.
What is the current platinum rate in South Korea today?
The current platinum 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 Platinum spot price converted to South Korean Won.
How much is 1 tael (shanghai / mainland china) of platinum in KRW?
1 tael (shanghai / mainland china) of platinum 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).
How is the platinum price per tael (shanghai / mainland china) calculated?
The platinum price per tael (shanghai / mainland china) 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 tael (shanghai / mainland china) weight unit (1 tael (shanghai / mainland china) = 50 grams).
Do I pay tax or VAT when buying platinum in South Korea?
Silver, platinum and palladium carry 10% VAT in retail form with no equivalent tax-free exchange route. 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 platinum 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 platinum higher than the spot price in KRW?
Retail prices add a dealer premium covering refining, minting, shipping, insurance and margin, plus any local tax. Platinum is a much smaller market driven by autocatalyst and jewellery demand, so local availability is patchier and dealer spreads wider. Compare the asking price per tael (shanghai / mainland china) with the live spot value above, and check the dealer's buy-back spread.
Which price reference does the South Korea platinum 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.