Gold Price in South Korean Won (KRW)
Real-time gold price in South Korean Won (KRW): live XAU/KRW spot from LBMA via Swissquote, gram and ounce conversion, market drivers. Updated every minute • 2026-06-05.
- Updated
- Real-time LBMA & ECN data
- AI-curated from 50+ feeds
As of October 26, 2023, the gold price in South Korean Won is approximately ₩2,550,000 per troy ounce (31.1035 g per troy ounce). This figure reflects global gold market dynamics, influenced by international trading and currency exchange rates, as cited by LBMA via Swissquote ECN.
31.1035Key Facts
- Currency
- South Korean Won (KRW, ₩)
- Region
- Asia
- Quote symbol
- XAU/KRW
- Unit basis
- 1 troy ounce = 31.1035 g
- Source
- LBMA AM/PM fix via Swissquote ECN
- Last refresh
- 2026-06-05
What this means
The South Korean Won's value significantly impacts the local gold price. When the KRW weakens against the US Dollar, gold priced in USD becomes more expensive in KRW terms, potentially driving up domestic demand for gold as a hedge.
Conversely, a stronger KRW can make imported gold cheaper for South Korean consumers. However, global gold price fluctuations, driven by factors like inflation and geopolitical events, often overshadow currency movements in determining the KRW gold price.
South Korea's economic health and monetary policy also play a role. The Bank of Korea's interest rate decisions can influence the attractiveness of gold as an investment relative to other assets denominated in KRW.
KRW Volatility and Gold Demand. The South Korean Won's exchange rate against the US Dollar is a critical determinant of the local gold price. Significant KRW depreciation often correlates with increased demand for gold as a safe-haven asset, as investors seek to preserve wealth against currency devaluation.
Inflationary Pressures and Gold. South Korea, like many nations, experiences inflationary pressures. When the cost of living rises, the purchasing power of the KRW diminishes. Gold, traditionally seen as an inflation hedge, tends to see its KRW price increase as consumers and institutions look to protect their capital.
Global Economic Factors Impacting KRW Gold. International events, such as changes in US Federal Reserve policy, global trade tensions, or commodity price shocks, directly affect the USD gold price. These global movements are then translated into KRW terms, creating price variations for South Korean buyers.
Frequently Asked Questions
How does the USD/KRW exchange rate affect the gold price in South Korea?
A weaker South Korean Won (higher USD/KRW rate) makes gold, which is typically priced in USD, more expensive for South Korean buyers, potentially increasing the KRW price of gold. Conversely, a stronger Won can lower the KRW gold price.Where can I find the current gold price in South Korean Won?
You can find the current gold price in South Korean Won on financial news websites, bullion dealer sites, and market data providers that track international gold prices and currency exchange rates, often citing sources like LBMA.Does the Bank of Korea's monetary policy influence the KRW gold price?
Yes, the Bank of Korea's interest rate decisions can influence the KRW gold price. Higher interest rates might make KRW-denominated investments more attractive, potentially reducing demand for gold, while lower rates could boost gold's appeal.What is the standard unit for gold pricing in South Korea?
While international markets use the troy ounce (31.1035 grams), in South Korea, gold is often traded and priced using the 'don' (돈), where one don is equivalent to 3.75 grams. Prices are then converted to KRW per don.