Gold Price Calculator
Convert gold weight to value in grams, ounces, and Korean don.
1Weight & Price
2Quick Reference Prices
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
Written and reviewed by Taeyang Kim · Rates and thresholds are taken directly from the official notices of Korea's National Tax Service, National Pension Service, National Health Insurance Service, Ministry of Employment and Labor, and Minimum Wage Commission. Results are non-binding estimates for reference only and may differ from the actual amount depending on your circumstances. Found a mistake? Tell us through Contact.