Iceland · ISK · June 2025
Gold Price in Iceland — June 2025
In June 2025, the gold price in Iceland closed at approximately kr420,335 per troy ounce, equivalent to kr157,628 per tola or kr13,514 per gram. This represents a +1.25% change on the month (kr415,160 open → kr420,335 close).
Open
kr415,160
per troy ounce
Close
kr420,335
per troy ounce
High
kr432,153
per troy ounce
Low
kr409,910
per troy ounce
All unit prices at June 2025 close — Iceland
| Unit | Weight | Closing ISK price |
|---|---|---|
| Troy ounce | 31.1035 g | kr420,335 |
| Gram | 1.0000 g | kr13,514 |
| 10 grams | 10 g | kr135,141 |
| Kilogram | 1,000 g | kr13,514,066 |
| Tola | 11.664 g | kr157,628 |
Karat-purity breakdown at June 2025 close
| Karat | Per gram | Per tola |
|---|---|---|
| 24KICELAND STD | kr13,501 | kr157,470 |
| 22K | kr12,379 | kr144,387 |
| 21K | kr11,825 | kr137,925 |
| 18K | kr10,136 | kr118,221 |
| 14K | kr7,906 | kr92,212 |
| 10K | kr5,635 | kr65,731 |
Daily gold price in ISK — June 2025
June 2025 gold market: Buy-the-dip as ETF inflows resume
BullishDip-buying and resumed ETF inflows kept the uptrend intact.
Gold stabilised and turned higher again in June as investors treated the May pullback as a buying opportunity. ETF inflows resumed, the long-term outlook stayed constructive, and expectations of future Fed rate cuts underpinned sentiment. A flare-up of Middle East tensions added a safe-haven bid.
What drove gold in June 2025
- resumed ETF inflows
- future Fed rate-cut expectations
- Middle East tensions
- constructive long-term outlook
Key events in June 2025
- Jun 15Middle East escalation adds a safe-haven bid; ETF inflows resume
What happened next
Steady physical demand from Asia carried the strength into the summer.
For gold buyers in Iceland
June confirmed the May dip was for buying — with ETF money flowing back, every pullback found support.
The 2025 gold market: Continued bull market and de-dollarization signals
2025 saw gold continue its bull market with prices reaching new highs above $3,000/oz. BRICS+ expansion (UAE, Iran, Egypt, Ethiopia) accelerated. Central-bank buying remained at record levels. The era of structural gold appreciation continued through the year.
Key drivers in 2025
Continued central-bank buying, BRICS+ settlement infrastructure, USD reserve share declining, AI-era productivity boom
2025 XAU/USD high
Above $3,000
2025 XAU/USD low
$2,580 (approx)
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 Iceland gold market
Iceland 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
ISK (kr)
Daily gold price — June 2025, Iceland
kr415,160
$3,316.75/oz
kr424,618
$3,392.31/oz
kr424,179
$3,388.80/oz
kr423,674
$3,384.76/oz
kr426,035
$3,403.63/oz
kr422,540
$3,375.71/oz
kr414,313
$3,309.98/oz
kr415,727
$3,321.27/oz
kr417,858
$3,338.30/oz
kr419,233
$3,349.28/oz
kr422,282
$3,373.65/oz
kr425,462
$3,399.05/oz
kr431,449
$3,446.88/oz
kr429,756
$3,433.35/oz
kr432,153
$3,452.50/oz
kr432,012
$3,451.38/oz
kr426,011
$3,403.43/oz
kr425,595
$3,400.11/oz
kr424,101
$3,388.18/oz
kr422,406
$3,374.63/oz
kr421,670
$3,368.75/oz
kr425,375
$3,398.35/oz
kr424,785
$3,393.64/oz
kr420,318
$3,357.96/oz
kr419,375
$3,350.42/oz
kr419,375
$3,350.42/oz
kr415,840
$3,322.18/oz
kr409,910
$3,274.80/oz
kr411,322
$3,286.08/oz
kr420,335
$3,358.09/oz
How Iceland 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 ISK/USD exchange rate comes from exchangerate-api.com's 2025 year-end snapshot.
Conversion. Every ISK figure on this page is computed as XAU/USD price × ISK/USD rate. We use the year-end exchange rate consistently across all June 2025 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 Iceland, add the country-specific levies described in the “Icelandgold market” section above.
FAQ — Iceland gold price in June 2025
What was the gold price in Iceland in June 2025?
In June 2025, gold in Iceland opened at kr415,160/oz and closed at kr420,335/oz — a move of +1.25% on the month. Per tola: ≈kr157,628; per gram: ≈kr13,514; per 10g: ≈kr135,141.
What was the 24K gold rate per tola in Iceland in June 2025?
The 24K gold rate per tola in Iceland at the June 2025 close was approximately kr157,628, derived from international XAU/USD spot of $3,358.09/oz times the 2025-end ISK/USD exchange rate of 125.171. This is pure metal value; final retail rates include local taxes and dealer making charges.
What was the 24K gold rate per gram in Iceland in June 2025?
Iceland's most-quoted retail standard is 24K per gram. At the June 2025 close, that worked out to approximately kr13,501 (24K pure-metal value). Add local taxes and making charges for the final retail rate.
How was the local currency price calculated?
ISK prices on this page are computed from the verified international XAU/USD spot price for June 2025 (sourced from gold-api.com), multiplied by the 2025-end ISK/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 kr figures here represent the international gold spot price converted to ISK at the 2025-end exchange rate. Iceland'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 Iceland? See live gold prices in Iceland with minute-by-minute updates and per-karat breakdowns.
Different month or year? Use the prev / next buttons above, or jump to the full 2025 archive or the USD-only June 2025 page with the country-by-country list at the bottom.
Other markets? Compare June 2025 prices across other major gold-trading countries: Norway, Sweden, Denmark, Eurozone, United Kingdom, Canada.
Disclaimer: Historical gold prices on this page reflect the international XAU/USD spot price for the requested period, converted to ISK at the 2025-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 Iceland before transacting.