Norway · NOK · October 2025
Gold Price in Norway — October 2025
In October 2025, the gold price in Norway closed at approximately kr40,595 per troy ounce, equivalent to kr15,223 per tola or kr1,305 per gram. This represents a +3.69% change on the month (kr39,152 open → kr40,595 close).
Open
kr39,152
per troy ounce
Close
kr40,595
per troy ounce
High
kr44,032
per troy ounce
Low
kr39,062
per troy ounce
All unit prices at October 2025 close — Norway
| Unit | Weight | Closing NOK price |
|---|---|---|
| Troy ounce | 31.1035 g | kr40,595 |
| Gram | 1.0000 g | kr1,305 |
| 10 grams | 10 g | kr13,052 |
| Kilogram | 1,000 g | kr1,305,154 |
| Tola | 11.664 g | kr15,223 |
Karat-purity breakdown at October 2025 close
| Karat | Per gram | Per tola |
|---|---|---|
| 24KNORWAY STD | kr1,304 | kr15,208 |
| 22K | kr1,196 | kr13,945 |
| 21K | kr1,142 | kr13,320 |
| 18K | kr979 | kr11,417 |
| 14K | kr764 | kr8,906 |
| 10K | kr544 | kr6,348 |
Daily gold price in NOK — October 2025
October 2025 gold market: Gold crosses $4,000 for the first time
BullishA historic first break above $4,000.
Gold crossed the historic $4,000-per-ounce milestone in October 2025, a landmark for the metal. The break was powered by markets increasingly pricing in Fed rate cuts, rising political and economic uncertainty, and accelerating Western ETF inflows on top of the ever-present central-bank bid.
Crossing $4,000 — from below $2,100 just two years earlier — capped one of the great bull runs in gold's history. What set 2025 apart from prior record years was breadth of demand: central banks, returning Western ETFs, Asian physical buyers, and momentum traders were all active simultaneously. By October the World Gold Council was on its way to reporting a record number of all-time highs (around 53 for the year) and total gold demand surpassing 5,000 tonnes for the first time ever.
What drove gold in October 2025
- Fed rate-cut pricing
- accelerating Western ETF inflows
- political and economic uncertainty
- record central-bank demand
Key events in October 2025
- Oct 8Gold trades above $4,000/oz for the first time (verify exact date)
What happened next
Broadening institutional participation extended the bull market into year-end.
For gold buyers in Norway
Reaching $4,000 — nearly doubling in two years — confirmed 2025 as a historic year, driven by the broadest demand base gold had seen in decades.
Related months to read
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 Norway gold market
Norway 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
NOK (kr)
Daily gold price — October 2025, Norway
kr39,152
$3,896.00/oz
kr39,163
$3,897.13/oz
kr39,109
$3,891.76/oz
kr39,062
$3,887.00/oz
kr39,403
$3,920.98/oz
kr39,959
$3,976.30/oz
kr40,165
$3,996.80/oz
kr40,800
$4,060.00/oz
kr40,786
$4,058.60/oz
kr40,428
$4,023.00/oz
kr40,382
$4,018.40/oz
kr40,806
$4,060.55/oz
kr41,533
$4,132.90/oz
kr42,009
$4,180.30/oz
kr42,393
$4,218.50/oz
kr44,026
$4,380.99/oz
kr44,009
$4,379.30/oz
kr42,738
$4,252.80/oz
kr42,959
$4,274.80/oz
kr44,032
$4,381.60/oz
kr43,940
$4,372.45/oz
kr41,821
$4,161.60/oz
kr41,760
$4,155.50/oz
kr41,650
$4,144.54/oz
kr41,335
$4,113.20/oz
kr41,335
$4,113.20/oz
kr41,181
$4,097.87/oz
kr40,398
$4,020.00/oz
kr40,502
$4,030.34/oz
kr40,665
$4,046.60/oz
kr40,595
$4,039.58/oz
How Norway 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 NOK/USD exchange rate comes from exchangerate-api.com's 2025 year-end snapshot.
Conversion. Every NOK figure on this page is computed as XAU/USD price × NOK/USD rate. We use the year-end exchange rate consistently across all October 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 Norway, add the country-specific levies described in the “Norwaygold market” section above.
FAQ — Norway gold price in October 2025
What was the gold price in Norway in October 2025?
In October 2025, gold in Norway opened at kr39,152/oz and closed at kr40,595/oz — a move of +3.69% on the month. Per tola: ≈kr15,223; per gram: ≈kr1,305; per 10g: ≈kr13,052.
What was the 24K gold rate per tola in Norway in October 2025?
The 24K gold rate per tola in Norway at the October 2025 close was approximately kr15,223, derived from international XAU/USD spot of $4,039.58/oz times the 2025-end NOK/USD exchange rate of 10.0493. This is pure metal value; final retail rates include local taxes and dealer making charges.
What was the 24K gold rate per gram in Norway in October 2025?
Norway's most-quoted retail standard is 24K per gram. At the October 2025 close, that worked out to approximately kr1,304 (24K pure-metal value). Add local taxes and making charges for the final retail rate.
How was the local currency price calculated?
NOK prices on this page are computed from the verified international XAU/USD spot price for October 2025 (sourced from gold-api.com), multiplied by the 2025-end NOK/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 NOK at the 2025-end exchange rate. Norway'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.
When did gold first cross $4,000?
Gold traded above $4,000 per ounce for the first time in October 2025, driven by Fed rate-cut expectations, accelerating ETF inflows, record central-bank buying and heightened political uncertainty.
Want today's rate in Norway? See live gold prices in Norway 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 October 2025 page with the country-by-country list at the bottom.
Other markets? Compare October 2025 prices across other major gold-trading countries: Sweden, Denmark, Eurozone, United Kingdom, Switzerland, Iceland.
Disclaimer: Historical gold prices on this page reflect the international XAU/USD spot price for the requested period, converted to NOK 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 Norway before transacting.