Gold Price Calculator

Convert gold weight to value in grams, ounces, and Korean don.

1Weight & Price

Gold Weight

Gold Price (KRW/g)

Enter the current market price. Default is for reference only.

Total Value

0 KRW

0.00

Grams

0.00

Don (돈)

0.0000

Troy oz

2Quick Reference Prices

1 Don (3.75g)431,250 KRW

3.75 Don (1 Nyang) (14.0625g)1,617,188 KRW

10 Don (37.5g)4,312,500 KRW

1 Troy Ounce (31.1035g)3,576,903 KRW

100g (100g)11,500,000 KRW

Gold Buying Guide for Korea

Korean Gold Units: Korea uses a traditional unit called "don" (돈). 1 don = 3.75 grams. When shopping at Jongno gold shops (종로 금은방) in Seoul, prices are quoted per don. 1 nyang (냥) = 10 don = 37.5g. The international standard troy ounce (oz) = 31.1035g.

Where to Buy Gold in Korea: Jongno in Seoul is famous for its gold shops (금은방). You can also trade through KRX Gold Market (Korea Exchange), which is VAT-exempt and capital gains tax-free. Banks offer "gold banking" (골드뱅킹) accounts. Gold ETFs like KODEX Gold Futures are available on the stock exchange.

Tax on Gold in Korea: Physical gold purchases (gold bars, jewelry) include 10% VAT. KRX Gold Market trades are VAT-exempt with no capital gains tax, making it the most tax-efficient option. Gold ETFs are subject to 15.4% dividend income tax on gains.

Frequently Asked Questions

Q. How much does 1 don of gold weigh?

A. 1 don (돈) equals 3.75 grams. This is the traditional Korean unit for gold. 1 nyang (냥) = 10 don = 37.5 grams.

Q. Where can I buy gold in Korea?

A. You can buy gold at Jongno gold shops in Seoul, KRX Gold Market, banks offering gold banking, or online. Jongno is the most popular area for physical gold purchases.

Q. Is there tax on gold purchases in Korea?

A. Physical gold includes 10% VAT. KRX Gold Market is VAT-exempt and capital gains tax-free, making it the most tax-efficient option for investment purposes.