Daily / Closing price
Period
2020/09/26 AM 01:47:33
VAT is exempted when gold is traded within the KRX gold market. Therefore, the gold price publicly announced by the KRX does not include VAT. However, 10% VAT is applied when the gold bullion already purchased is withdrawn from the deposit organization.
The exchange rate applicable to the KRW/gram is the closing price of US dollar spot at the Seoul Money Brokerage Services. (1oz=31.1035g; Rounded up from the third decimal place)
:Calculation of KRW/gram = LBMA Gold Fixing Price X Exchange rate(USD/KRW) / 31.1035
* Please see the LBMA official website linked below for details on the LBMA Gold Fixing Historical Statistics..:
http://www.lbma.org.uk/pages/index.cfm?page_id=53&title=gold_fixings


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