Gold Premium & Discount Charts

We track the international gold price (XAUUSD) and Korea’s domestic spot price (KRX Gold Spot) to provide Korea’s gold Kimchi Premium and price divergence data. The dashboard displays the domestic KRX gold spot price alongside the international gold price. The chart calculates the gold Kimchi Premium / divergence and shows it together with the spot price. All data are updated hourly in real time.

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이 포스팅은 쿠팡 파트너스 활동의 일환으로, 이에 따른 일정액의 수수료를 제공받습니다.

Why International and Domestic Gold Prices Differ

While the benchmark price is formed in global markets such as London/New York (USD/oz), Korea’s actual retail price can differ due to the following:

  • Exchange rate (KRW/USD): FX translation effects
  • Taxes/fees: VAT, transaction fees
  • Spread: Bid–ask gap and tick size
  • Premiums: Brand, product form (bar/coin), fabrication & packaging
  • Time zone & trading hours: Update timing differences between global and domestic markets
  • Supply & distribution costs: Local physical supply, logistics/storage, and hedging costs

As a result, a premium/discount (divergence) can emerge between the international and domestic gold prices.

Converting the International Price to KRW per Gram

International gold price (KRW/g) = International gold price (USD/oz) × FX (KRW/USD) ÷ 31.1035

  • International gold price: 2,450 USD/oz
  • FX rate: 1,390 KRW/USD
  • KRW/g (reference): 2,450 × 1,390 ÷ 31.1035 = 109,455 KRW/g

※ The ounce used for precious metals is the troy ounce (1 oz ≈ 31.1035 g), which differs from the everyday avoirdupois ounce.

Data Update Notice

  • The gold Kimchi Premium chart updates every hour at :10 KST (UTC+9:00).
  • Possible delays: Depending on data providers and network conditions, updates may be delayed by a few seconds to several minutes.
  • Please check the “Last Updated” time at the top of the page.
  • No updates on weekends.

Q&A

Q1. If the international gold price rises, does the domestic price always move by the same percentage?

A. Not necessarily. Exchange rate, spreads, taxes, and premiums all interact, so the magnitude of moves can differ.

Q2.Why do stores quote different prices for the same 1 g of gold?

A. Brand, packaging, certification, fabrication, inventory, and operating costs differ, which affects the selling price and spread.

Q3. From an investment perspective, is a high domestic divergence a buy/sell signal?

A. Divergence can reflect costs, regulations, or risks. Confirm FX, taxes, trading rules, and all-in execution costs before acting.

Q4. What are the data sources for the charts above?

A. Domestic gold: KRX Gold Spot; International gold: XAU/USD; FX: KRW/USD.

Q5. When do the dashboard and charts update?

A. Every hour at :10 KST. No updates on weekends.

Disclaimer

This page is for information purposes only. All investment decisions and outcomes are the user’s responsibility.


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