South Korea · KRW · February 2021
Gold Price in South Korea — February 2021
In February 2021, the gold price in South Korea closed at approximately ₩2,091,883 per troy ounce, equivalent to ₩784,469 per tola or ₩67,256 per gram. This represents a -5.53% change on the month (₩2,214,369 open → ₩2,091,883 close).
Open
₩2,214,369
per troy ounce
Close
₩2,091,883
per troy ounce
High
₩2,214,369
per troy ounce
Low
₩2,071,618
per troy ounce
All unit prices at February 2021 close — South Korea
| Unit | Weight | Closing KRW price |
|---|---|---|
| Troy ounce | 31.1035 g | ₩2,091,883 |
| Gram | 1.0000 g | ₩67,256 |
| 10 grams | 10 g | ₩672,556 |
| Kilogram | 1,000 g | ₩67,255,560 |
| Tola | 11.664 g | ₩784,469 |
Karat-purity breakdown at February 2021 close
| Karat | Per gram | Per tola |
|---|---|---|
| 24KSOUTH KOREA STD | ₩67,188 | ₩783,684 |
| 22K | ₩61,606 | ₩718,573 |
| 21K | ₩58,849 | ₩686,410 |
| 18K | ₩50,442 | ₩588,352 |
| 14K | ₩39,345 | ₩458,914 |
| 10K | ₩28,046 | ₩327,124 |
Daily gold price in KRW — February 2021
February 2021 gold market: Surging bond yields hit gold
BearishA bond-market tantrum drove real yields and gold's opportunity cost higher.
Gold fell to around $1,730 in February as a sharp 'bond tantrum' pushed US 10-year Treasury yields up toward 1.5%. Rising real yields raised the opportunity cost of holding non-yielding gold even as the economic outlook brightened.
What drove gold in February 2021
- 10-year yield surging toward 1.5%
- reflation and stimulus expectations
- rising real yields
- ETF outflows
Key events in February 2021
- Feb 25Bond selloff accelerates; gold drops with bullion ETFs
What happened next
The yield spike peaked in March, after which gold found a floor.
For gold buyers in South Korea
February showed gold's sensitivity to real yields — a brighter economy plus rising rates is the metal's least favourable backdrop.
The 2021 gold market: Consolidation below 2020 highs
Gold traded mostly sideways in 2021 between $1,680 and $1,950 as the Fed signaled coming tightening. Cryptocurrency mania peaked in November. Inflation began running above target. Year close: $1,829.
Key drivers in 2021
Crypto-boom drawing capital, Fed taper announcement, inflation rising, equity rally
2021 XAU/USD high
$1,945 (Jun)
2021 XAU/USD low
$1,676 (Mar)
Era context — The modern bull market (2019 to today)
Gold's second major bull market of the 21st century. Driven by COVID stimulus, Russia sanctions, central-bank accumulation at record levels, and the structural shift toward a multi-polar reserve system. New all-time highs reached repeatedly since 2020.
The South Korea gold market
South Korea retail gold prices are quoted in the local currency per gram for 24K and 22K purities, and per troy ounce for investment-grade bullion. Local rates usually sit above the international XAU/USD spot price after import duties, sales taxes, and jewellery making charges are applied. Use this archive as the international reference price; final retail rates depend on your dealer and the date's exchange rate.
Standard quote unit
gram
Common purity
24K
Currency
KRW (₩)
Daily gold price — February 2021, South Korea
₩2,214,369
$1,863.00/oz
₩2,178,830
$1,833.10/oz
₩2,181,682
$1,835.50/oz
₩2,122,728
$1,785.90/oz
₩2,143,053
$1,803.00/oz
₩2,186,116
$1,839.23/oz
₩2,181,445
$1,835.30/oz
₩2,186,556
$1,839.60/oz
₩2,190,240
$1,842.70/oz
₩2,187,150
$1,840.10/oz
₩2,158,980
$1,816.40/oz
₩2,171,698
$1,827.10/oz
₩2,160,050
$1,817.30/oz
₩2,132,712
$1,794.30/oz
₩2,116,547
$1,780.70/oz
₩2,107,632
$1,773.20/oz
₩2,123,084
$1,786.20/oz
₩2,154,608
$1,812.72/oz
₩2,148,401
$1,807.50/oz
₩2,139,130
$1,799.70/oz
₩2,125,224
$1,788.00/oz
₩2,115,358
$1,779.70/oz
₩2,071,618
$1,742.90/oz
₩2,091,883
$1,759.95/oz
How South Korea gold prices are calculated on this page
Source. The international XAU/USD spot price comes from gold-api.com's historical archive (London PM-fix benchmark). The KRW/USD exchange rate comes from exchangerate-api.com's 2021 year-end snapshot.
Conversion. Every KRW figure on this page is computed as XAU/USD price × KRW/USD rate. We use the year-end exchange rate consistently across all February 2021 prices on this page.
Per-unit math. Per-gram = per-ounce ÷ 31.1035. Per-tola = per-gram × 11.664. Per-10g = per-gram × 10. Per-kilo = per-gram × 1000. Karat values multiply per-gram by the purity ratio (24K = 0.999, 22K = 0.916, 21K = 0.875, 18K = 0.750, 14K = 0.585, 10K = 0.417).
What this page does NOT include. Local sales tax / VAT, customs duty on imports, dealer making charges, jewellery design premiums, or coin numismatic premiums. To go from this pure-metal value to a final retail rate in South Korea, add the country-specific levies described in the “South Koreagold market” section above.
FAQ — South Korea gold price in February 2021
What was the gold price in South Korea in February 2021?
In February 2021, gold in South Korea opened at ₩2,214,369/oz and closed at ₩2,091,883/oz — a move of -5.53% on the month. Per tola: ≈₩784,469; per gram: ≈₩67,256; per 10g: ≈₩672,556.
What was the 24K gold rate per tola in South Korea in February 2021?
The 24K gold rate per tola in South Korea at the February 2021 close was approximately ₩784,469, derived from international XAU/USD spot of $1,759.95/oz times the 2021-end KRW/USD exchange rate of 1,188.6038. This is pure metal value; final retail rates include local taxes and dealer making charges.
What was the 24K gold rate per gram in South Korea in February 2021?
South Korea's most-quoted retail standard is 24K per gram. At the February 2021 close, that worked out to approximately ₩67,188 (24K pure-metal value). Add local taxes and making charges for the final retail rate.
How was the local currency price calculated?
KRW prices on this page are computed from the verified international XAU/USD spot price for February 2021 (sourced from gold-api.com), multiplied by the 2021-end KRW/USD exchange rate from exchangerate-api.com. We use year-end rates as a single reference point for the entire month — for most stable currencies the within-year FX drift is small, but during currency crises (PKR 2022–23, TRY 2022, ARS 2024 etc.) the actual mid-month rate may differ.
Why does the retail price in shops differ from this number?
The ₩ figures here represent the international gold spot price converted to KRW at the 2021-end exchange rate. South Korea's retail jewellers add (1) import duties and sales tax (varies by SKU and karat), (2) dealer making charges (typically 3–12% of metal value), and (3) a small premium for purity certification on bars. Always verify the exact day's retail rate with a reputable local dealer before transacting.
Want today's rate in South Korea? See live gold prices in South Korea with minute-by-minute updates and per-karat breakdowns.
Different month or year? Use the prev / next buttons above, or jump to the full 2021 archive or the USD-only February 2021 page with the country-by-country list at the bottom.
Other markets? Compare February 2021 prices across other major gold-trading countries: Japan, China, Hong Kong, Singapore, Australia, United States.
Disclaimer: Historical gold prices on this page reflect the international XAU/USD spot price for the requested period, converted to KRW at the 2021-end exchange rate. They are intended for informational and educational use only and do not constitute investment advice or a price quote for buying or selling physical gold today. Always verify current local rates with a reputable bullion dealer in South Korea before transacting.