Gold Kimchi Premium Live — KRX Gold Spot vs International Gold Price
The Gold Kimchi Premium shows how much the domestic KRX gold price differs from the international spot price (USD/oz converted to KRW/g). Positive = domestic overheating; Negative = domestic discount, favorable for buying.
※ Kimchi premium for 2014–2024 is based on actual KRX trading data.
Kimchi Premium · KRX Gold
💚 Domestic Discount — KRX cheaper than international. Favorable to buy domestic KRX gold.
-0.70
%
| KRX Gold PriceDomestic Korea Exchange price (USD/oz). Actual domestic trading reference | $4,671.20/oz |
| International PriceXAU/oz converted to USD/oz. If KRX is lower, it's a discount zone | $4,704.00/oz |
| Kimchi PremiumNegative = KRX cheaper, favorable to buy. Positive = domestic overheating | -0.70% |
| Gold USDInternational gold spot price | $4,704 |
Kimchi Premium Interpretation
Negative (< 0%)
💚 Domestic Discount / Buy Signal
KRX gold cheaper than international. Favorable to buy domestic gold (KRX Gold, etc.).
0% ~ 2%
🟡 Small Premium / Neutral
Normal trading range. Balanced domestic/international exposure.
2%+
🔴 High Premium / Favor International
Domestic overheating. Consider international gold ETFs (GLD, IAU, etc.).
Gold Price · Kimchi Premium 1Y Trend
KRX Gold Kimchi Premium vs Gold Price
What Is the Gold Kimchi Premium?
The Gold Kimchi Premium shows, as a percentage, how much higher the domestic KRX gold spot price is compared to the international gold price (XAU/USD × USD/KRW rate). The gap arises from differences in KRX liquidity, exchange rate swings, and domestic supply-demand imbalances.
When the premium is 2% or higher, domestic gold trades more expensively than the international price — buying KRX gold at that point means paying an overpriced rate. Conversely, a negative premium (discount zone) lets you buy cheaper than the international price, a relatively favorable entry.
📌 Stage Criteria
Premium < 0% — Discount zone, relatively undervalued · favorable to buy
0% ~ 2% — Neutral zone, close to international price
2%+ — Overvalued zone, buying KRX incurs a premium cost
Rather than relying on the kimchi premium alone, we recommend judging alongside Gold MDD analysis, real interest rates, and the Gold/Silver Ratio.
Frequently Asked Questions
Q. Shouldn't I avoid buying gold when the kimchi premium is high?
Buying KRX gold spot when the premium is high means paying more than the international price. If the premium later normalizes, your gains can be offset even if the gold price rises. Note: buying via overseas gold ETFs or gold savings accounts is unaffected by this premium.
Q. What is KRX gold spot?
It's gold traded on the Korea Exchange (KRX), tradable in 1g units through a brokerage account. Capital gains tax is exempt on sale, and physical withdrawal is possible. Fees vary by broker, typically 0.3–0.5%.
Q. Why does the kimchi premium occur?
It stems from KRX's smaller liquidity relative to international markets causing supply-demand imbalances, expectations of a weaker won, or overheated domestic investment sentiment. The premium also tends to rise temporarily during sharp currency moves.
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