Silver Price in South Korean Won (₩) Today
Live silver price converted to South Korean Won (KRW) using real-time exchange rates. Prices shown for .999 fine, .925 sterling, .900 coin, and .800 silver purities.
The current price of silver in South Korean Won is ₩106,916 per troy ounce for .999 fine silver. Sterling silver (.925) is worth ₩98,897 per ounce.
.999 Fine
₩106,916
.925 Sterling
₩98,897
.900 Coin
₩96,225
.800 Silver
₩85,533
Data source: TwelveData XAG/USD spot price × KRW/USD exchange rate. Last updated: 3/25/2026, 7:12:46 PM
Silver Price by Quantity (KRW)
| Quantity | .999 Fine | .925 Sterling | .900 Coin | .800 Silver |
|---|---|---|---|---|
| 1 Troy Ounce | ₩106,916 | ₩98,897 | ₩96,225 | ₩85,533 |
| 1 Gram | ₩3,437 | ₩3,180 | ₩3,094 | ₩2,750 |
| 10 Grams | ₩34,374 | ₩31,796 | ₩30,937 | ₩27,499 |
| 100 Grams | ₩343,743 | ₩317,963 | ₩309,369 | ₩274,995 |
| 1 Kilogram | ₩3,437,433 | ₩3,179,626 | ₩3,093,690 | ₩2,749,946 |
| 1 Tola (11.66g) | ₩40,080 | ₩37,074 | ₩36,072 | ₩32,064 |
| 5 Troy Ounces | ₩534,581 | ₩494,487 | ₩481,123 | ₩427,665 |
| 10 Troy Ounces | ₩1,069,162 | ₩988,975 | ₩962,246 | ₩855,330 |
Silver Prices in South Korean Won: What You Need to Know
South Korea has a sophisticated investment market with growing interest in precious metals as portfolio diversifiers. Silver prices in Korean won reflect the global XAG/USD rate adjusted for KRW/USD movements. The Korea Exchange (KRX) lists gold futures but silver-specific products remain limited, pushing investors toward physical bullion and international platforms.
Tax, VAT & Import Duties
Silver purchases in South Korea are subject to 10% VAT. Silver bullion does not receive the same tax treatment as gold, which has favorable conditions through designated exchanges. Capital gains from precious metals sales are generally not separately taxed for individuals unless classified as business income by the National Tax Service (NTS). Silver imports face customs duty of 3-8% depending on form.
How Silver Is Traded in South Korea
South Korea's precious metals market is centered in Seoul's Jongno district (historically the gold and silver trading area). The Korea Gold Exchange handles institutional precious metals trading. Retail investors typically purchase through specialized dealers, department store precious metals counters, and increasingly through online platforms. Samsung Securities and other brokerages offer precious metals-linked products.
How Silver Price in KRW Is Calculated
The silver price in South Korean Won is calculated by multiplying the global XAG/USD spot price by the current KRW/USD exchange rate. Today's rate: 1 USD = 1,497.9713 KRW.
Formula: Silver Price (KRW) = XAG/USD Spot Price × KRW/USD Rate
Example: $71.37 × 1497.9713 = ₩106,916 per troy ounce
Frequently Asked Questions
How much is 1 ounce of silver in South Korean Won today?
One troy ounce of .999 fine silver is currently worth ₩106,916 (KRW). Sterling silver (.925 purity) is worth ₩98,897 per troy ounce. Prices are converted from the live XAG/USD spot rate using real-time exchange rates.
Where can I buy silver in South Korea?
Seoul's Jongno district is the traditional precious metals hub. Korea Gold Exchange authorized dealers offer certified products. Department stores like Lotte and Shinsegae have precious metals counters. Online purchases through authorized dealers are growing. For larger investments, Samsung Securities and other brokerages offer structured precious metals products.
Is silver subject to VAT in South Korea?
Yes. Silver purchases attract 10% VAT in South Korea. Unlike gold traded through the Korea Gold Exchange (which has favorable tax treatment), silver bullion carries the standard tax rate. This adds a significant premium over the international spot price.
How does the Korean won affect silver pricing?
The KRW fluctuates based on trade balance, semiconductor exports, and global risk sentiment. During risk-off periods, the won tends to weaken while silver (as a safe haven) strengthens — creating an amplified gain in KRW terms. Conversely, risk-on environments can see the won strengthen, dampening silver returns in local currency.
Are there silver ETFs available in South Korea?
South Korea has limited silver-specific ETF options listed on the KRX. Samsung KODEX Gold ETF tracks gold but there is no widely traded silver equivalent. Korean investors often access silver exposure through international ETFs (like iShares Silver Trust) via overseas trading accounts offered by major Korean brokerages.