Gold Price in Iceland per Ounce

1 Gold Ounce = 428,072.51 Icelandic króna

The following table shows the latest gold price in Iceland in Icelandic króna (ISK) per Ounce. The rates are updated every few minutes and are updated more frequently at times of strong price moves based on live spot gold price (Bid Price).

Gold prices per Ounce are converted from USD to Icelandic króna according to the latest exchange rates where 1 USD = 124.66 Icelandic króna.

Ounce is a unit for weighing gold used in Jewelleries in Iceland. Today, Saturday 14 June 2025 in Iceland, 1 Ounce of gold = 428,072.51 Icelandic króna.

Commonly Used Gold Ounce Karats in Iceland

Note: Do not be confused between the two terms of "Karat" and "Carat". Carat is a unit of weight for diamonds where 1 carat= 0.2 grams. While a karat is a unit of purity of gold where gold 18 karat means gold which is 18/24 pure i.e. the absolutely pure gold should be karat 24.

The following are commonly used Ounce karats in Iceland as well as other countries:

• Karat 24 is also called (.999) and is 999/1000 pure. Practically, it is never used in making jewelleries in America and Europe but sometimes used in Asia. Today, Saturday 14 June 2025, the current price of gold Ounce 24K in Iceland is 427,644.44 Icelandic króna.
• Karat 22 is also called (.916) and is 916/1000 pure. Practically, it is rarely used in making jewelleries in America and Europe but is commonly used in Asia. Today, Saturday 14 June 2025, the current price of gold Ounce 22K in Iceland is 392,114.42 Icelandic króna.
• Karat 21 is also called (.875) and is 875/1000 pure. Practically, it is rarely used in making jewelleries except some countries in middle east. Today, Saturday 14 June 2025, the current price of gold Ounce 21K in Iceland is 374,563.45 Icelandic króna.
• Karat 18 is also called (.750) and is 750/1000 pure. Practically, it is sometimes used in making jewelleries in America and Asia, and it is the most common in Europe. Today, Saturday 14 June 2025, the current price of gold Ounce 18K in Iceland is 321,054.38 Icelandic króna.
• Karat 14 is also called (.585) and is 585/1000 pure. However, karat 14 should be 14/24 pure i.e. 583 but practically karat 14 is slightly higer in purity than this so it is called .585 and not .583. Practically, it is the most common in America and is sometimes used in Europe and rarely used in Asia. Today, Saturday 14 June 2025, the current price of gold Ounce 14K in Iceland is 250,422.42 Icelandic króna.
• Karat 12 is also called (.500) and is 500/1000 pure. Practically, it is rarely used. Today, Saturday 14 June 2025, the current price of gold Ounce 12K in Iceland is 214,036.26 Icelandic króna.
• Karat 10 is also called (.417) and is 417/1000 pure. Practically, it is sometimes used in Europe and never used in Asia. It is the minimum accepted standard in America. Today, Saturday 14 June 2025, the current price of gold Ounce 10K in Iceland is 178,506.24 Icelandic króna.
• Karat 9 is also called (.375) and is 375/1000 pure. Practically, it is sometimes used England and Canada. Today, Saturday 14 June 2025, the current price of gold Ounce 9K in Iceland is 160,527.19 Icelandic króna.
• Karat 8 is practically never used in USA and Asia. It is the minimum accepted standard in Europe. Today, Saturday 14 June 2025, the current price of gold Ounce 8K in Iceland is 142,548.15 Icelandic króna.