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  1. Gold Rate
  2. Iceland
  3. Ounce
Ounce Gram Kilogram Tola
24K 22K 21K 18K 14K 12K 10K 9K 8K

Gold Price in Iceland per Ounce

1 Gold Ounce = 408,278.88 Icelandic króna

Gold price is updated at Monday 14 July 2025, 08:00 pm, GMT (Monday 14 July 2025, 08:00 pm, Reykjavik time)

Current Rate409,024.73 ISK/oz
Bid Price408,986.31 ISK/oz
Ask Price409,063.14 ISK/oz
Open Price411,637.37 ISK/oz

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 = 122.09 Icelandic króna.

Gold Unit Icelandic króna (ISK)
Gold Ounce 24K (.999)407,870.60
Gold Ounce 22K (.916)373,983.45
Gold Ounce 21K (.875)357,244.02
Gold Ounce 18K (.750)306,209.16
Gold Ounce 14K (.585)238,843.14
Gold Ounce 12K (.500)204,139.44
Gold Ounce 10K (.417)170,252.29
Gold Ounce 9K (.375)153,104.58
Gold Ounce 8K (.333)135,956.87

Ounce is a unit for weighing gold used in Jewelleries in Iceland. Today, Monday 14 July 2025 in Iceland, 1 Ounce of gold = 408,278.88 Icelandic króna.

Gold price chart in Iceland in Icelandic króna Ounce

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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, Monday 14 July 2025, the current price of gold Ounce 24K in Iceland is 407,870.60 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, Monday 14 July 2025, the current price of gold Ounce 22K in Iceland is 373,983.45 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, Monday 14 July 2025, the current price of gold Ounce 21K in Iceland is 357,244.02 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, Monday 14 July 2025, the current price of gold Ounce 18K in Iceland is 306,209.16 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, Monday 14 July 2025, the current price of gold Ounce 14K in Iceland is 238,843.14 Icelandic króna.
  • Karat 12 is also called (.500) and is 500/1000 pure. Practically, it is rarely used. Today, Monday 14 July 2025, the current price of gold Ounce 12K in Iceland is 204,139.44 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, Monday 14 July 2025, the current price of gold Ounce 10K in Iceland is 170,252.29 Icelandic króna.
  • Karat 9 is also called (.375) and is 375/1000 pure. Practically, it is sometimes used England and Canada. Today, Monday 14 July 2025, the current price of gold Ounce 9K in Iceland is 153,104.58 Icelandic króna.
  • Karat 8 is practically never used in USA and Asia. It is the minimum accepted standard in Europe. Today, Monday 14 July 2025, the current price of gold Ounce 8K in Iceland is 135,956.87 Icelandic króna.

Historical gold prices in Icelandic króna per Ounce

DateOunce
13 Jul 25408,815.71
12 Jul 25408,815.71
11 Jul 25407,867.19
10 Jul 25405,322.02
09 Jul 25400,648.34
08 Jul 25404,288.77
07 Jul 25400,572.22
06 Jul 25403,322.11
05 Jul 25403,322.11
04 Jul 25404,298.61
03 Jul 25405,761.17
02 Jul 25403,912.67
01 Jul 25403,496.53
30 Jun 25398,077.27
29 Jun 25396,642.63
28 Jun 25396,642.63
27 Jun 25400,814.77
26 Jun 25405,964.65
25 Jun 25408,373.37
24 Jun 25410,571.57
23 Jun 25415,901.51
22 Jun 25416,943.68
21 Jun 25416,943.68
20 Jun 25418,653.77
19 Jun 25421,028.47
18 Jun 25424,166.51
17 Jun 25422,298.95
16 Jun 25427,429.63
15 Jun 25428,072.50
14 Jun 25426,534.06
AmountISK
1 oz408,278.88
2 oz816,557.76
3 oz1,224,836.64
4 oz1,633,115.52
5 oz2,041,394.39
6 oz2,449,673.27
7 oz2,857,952.15
8 oz3,266,231.03
9 oz3,674,509.91
10 oz4,082,788.79
20 oz8,165,577.58
30 oz12,248,366.36
40 oz16,331,155.15
50 oz20,413,943.94
60 oz24,496,732.73
70 oz28,579,521.51
80 oz32,662,310.30
90 oz36,745,099.09
100 oz40,827,887.88
200 oz81,655,775.75
300 oz122,483,663.63
400 oz163,311,551.50
500 oz204,139,439.38
600 oz244,967,327.26
700 oz285,795,215.13
800 oz326,623,103.01
900 oz367,450,990.88
1000 oz408,278,878.76

Gold Price in Major Cities of Iceland

ISK/Ounce
Reykjavík408,278.88
Kópavogur408,278.88
Hafnarfjörður408,278.88
Akureyri408,278.88
Garðabær408,278.88
Mosfellsbær408,278.88
Akranes408,278.88
Selfoss408,278.88
Seltjarnarnes408,278.88
Vestmannaeyjar408,278.88
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Gold Spot Rate
Gold UnitGold Rate
14 Jul 2025, 08:00:01
Ounce$3,344.19
Tola$1,254.07
Kilogram$107,530.25
Gram 24K$107.53
Gram 22K$98.56
Gram 21K$94.07
Gram 18K$80.62
Gram 14K$62.74
Gram 12K$53.77
Gram 10K$44.80
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