South Korea · KRW · July 2025
Gold Price in South Korea — July 2025
In July 2025, the gold price in South Korea closed at approximately ₩4,775,357 per troy ounce, equivalent to ₩1,790,788 per tola or ₩153,531 per gram. This represents a -1.28% change on the month (₩4,837,130 open → ₩4,775,357 close).
Open
₩4,837,130
per troy ounce
Close
₩4,775,357
per troy ounce
High
₩4,953,734
per troy ounce
Low
₩4,775,357
per troy ounce
All unit prices at July 2025 close — South Korea
| Unit | Weight | Closing KRW price |
|---|---|---|
| Troy ounce | 31.1035 g | ₩4,775,357 |
| Gram | 1.0000 g | ₩153,531 |
| 10 grams | 10 g | ₩1,535,312 |
| Kilogram | 1,000 g | ₩153,531,177 |
| Tola | 11.664 g | ₩1,790,788 |
Karat-purity breakdown at July 2025 close
| Karat | Per gram | Per tola |
|---|---|---|
| 24KSOUTH KOREA STD | ₩153,378 | ₩1,788,997 |
| 22K | ₩140,635 | ₩1,640,361 |
| 21K | ₩134,340 | ₩1,566,939 |
| 18K | ₩115,148 | ₩1,343,091 |
| 14K | ₩89,816 | ₩1,047,611 |
| 10K | ₩64,023 | ₩746,758 |
Daily gold price in KRW — July 2025
July 2025 gold market: Asian physical demand underpins the rally
BullishResilient Asian physical demand underpinned the trend.
Gold stayed strong through July, supported by resilient physical demand from Asia. China and India — the world's two largest gold consumers — continued to anchor global demand, while reserve diversification and firm investor confidence kept the bull market on track.
What drove gold in July 2025
- strong physical demand from China and India
- reserve diversification
- investor confidence
- steady ETF demand
What happened next
Renewed safe-haven and ETF flows drove gold to fresh highs in August.
For gold buyers in South Korea
July highlighted gold's dual engine in 2025 — Western ETF money and Eastern physical demand pulling together.
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 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 — July 2025, South Korea
₩4,837,130
$3,358.09/oz
₩4,848,993
$3,366.32/oz
₩4,845,298
$3,363.76/oz
₩4,818,988
$3,345.49/oz
₩4,808,098
$3,337.93/oz
₩4,816,928
$3,344.06/oz
₩4,819,658
$3,345.96/oz
₩4,810,489
$3,339.59/oz
₩4,784,705
$3,321.69/oz
₩4,798,044
$3,330.95/oz
₩4,852,651
$3,368.86/oz
₩4,835,394
$3,356.88/oz
₩4,860,775
$3,374.50/oz
₩4,862,360
$3,375.60/oz
₩4,849,396
$3,366.60/oz
₩4,865,320
$3,377.66/oz
₩4,821,840
$3,347.47/oz
₩4,841,805
$3,361.33/oz
₩4,826,493
$3,350.70/oz
₩4,826,493
$3,350.70/oz
₩4,901,828
$3,403.00/oz
₩4,946,770
$3,434.20/oz
₩4,953,734
$3,439.04/oz
₩4,888,115
$3,393.48/oz
₩4,860,199
$3,374.10/oz
₩4,808,199
$3,338.00/oz
₩4,808,199
$3,338.00/oz
₩4,819,031
$3,345.52/oz
₩4,802,826
$3,334.27/oz
₩4,803,590
$3,334.80/oz
₩4,775,357
$3,315.20/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 2025 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 July 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 South Korea, add the country-specific levies described in the “South Koreagold market” section above.
FAQ — South Korea gold price in July 2025
What was the gold price in South Korea in July 2025?
In July 2025, gold in South Korea opened at ₩4,837,130/oz and closed at ₩4,775,357/oz — a move of -1.28% on the month. Per tola: ≈₩1,790,788; per gram: ≈₩153,531; per 10g: ≈₩1,535,312.
What was the 24K gold rate per tola in South Korea in July 2025?
The 24K gold rate per tola in South Korea at the July 2025 close was approximately ₩1,790,788, derived from international XAU/USD spot of $3,315.20/oz times the 2025-end KRW/USD exchange rate of 1,440.4431. 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 July 2025?
South Korea's most-quoted retail standard is 24K per gram. At the July 2025 close, that worked out to approximately ₩153,378 (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 July 2025 (sourced from gold-api.com), multiplied by the 2025-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 2025-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 2025 archive or the USD-only July 2025 page with the country-by-country list at the bottom.
Other markets? Compare July 2025 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 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 South Korea before transacting.