12k Gold Price in Iceland (ISK)
Enter a weight to value 12k gold by the troy ounce for buyers and sellers in Iceland, priced from the live gold market. 12 carat (500) is 50.00% gold, and every figure below is priced at that fineness. Priced in Icelandic Krona directly by the rates API — gold is quoting kr 491,631 per troy ounce.
Value of 1 ozt of 12k Gold
kr 245,816
kr 245,816 per troy ounce · kr 7,903 per gram
491,631.32 ÷ 31.1034768 × 0.5 × 31.1035 = kr 245,816
Prices on this page are delayed by up to 15 minutes. For real-time rates, use the CommodityPriceAPI.
Gold value by unit
One of each measure, at the current gold price.
| Measure | Detail | Value |
|---|---|---|
| Gram | 1 g | kr 7,903 |
| 10 grams | 10 g | kr 79,032 |
| Kilo | 1,000 g | kr 7,903,157 |
| Troy ounce | 31.1034768 g | kr 245,816 |
| Tola | 11.6638038 g | kr 92,181 |
| Pennyweight | 1.5551738 g | kr 12,291 |
| Baht (gold bar) | 15.244 g | kr 120,476 |
| Bhori | 11.6638038 g | kr 92,181 |
| Masha | 0.9719837 g | kr 7,682 |
| Ratti | 0.121498 g | kr 960 |
| Grain | 0.0647989 g | kr 512 |
| Sovereign (fine gold) | 7.32238 g | kr 57,870 |
| Tael (Hong Kong) | 37.7994 g | kr 298,735 |
| Tael (Taiwan) | 37.5 g | kr 296,368 |
| Tael / liang (mainland) | 50 g | kr 395,158 |
Gold value by purity
One troy ounce at each purity commonly sold.
| Measure | Detail | Value |
|---|---|---|
| 24 carat (999.9 fine) | 99.99% pure | kr 491,582 |
| 22 carat (916) | 91.67% pure | kr 450,662 |
| 21 carat (875) | 87.50% pure | kr 430,177 |
| 20 carat (833) | 83.33% pure | kr 409,693 |
| 18 carat (750) | 75.00% pure | kr 368,723 |
| 16 carat (667) | 66.67% pure | kr 327,754 |
| 14 carat (585) | 58.33% pure | kr 286,785 |
| 12 carat (500) | 50.00% pure | kr 245,816 |
| 10 carat (417) | 41.67% pure | kr 204,846 |
| 9 carat (375) | 37.50% pure | kr 184,362 |
| 8 carat (333) | 33.33% pure | kr 163,877 |
The same figure in other currencies
Every currency the rates API supports is available in the calculator above — pick it from the list and the figure is re-quoted in that currency without leaving this page.
How this is calculated
1 troy ounce = 31.1034768 g. This is the unit the spot market itself quotes, so no conversion is applied. Gold trades per troy ounce, so every figure here starts from that quote and is converted with the factor shown next to the result.
This is the spot-derived value, not the shop counter price in Iceland. Local retail rates are set by the jewellers' association and usually sit above this figure once making charges and duty are added.
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Every unit — gram, ounce, tola, masha, tael, sovereign — is available in the calculator above without leaving the page.
Common questions
How much is 1 troy ounce of 12k gold worth today?
1 troy ounce is worth about kr 245,816, from a spot price of kr 491,631 per troy ounce.
How many grams are in 1 troy ounce?
1 troy ounce = 31.1034768 g. This is the unit the spot market itself quotes, so no conversion is applied.
What does 12k mean?
12 carat is half gold by weight, stamped 500. At today's market that works out to kr 7,903 per gram.
Is this the same as the 12k gold rate quoted in Iceland?
Not exactly. This converts the international spot price into Icelandic Krona at the live exchange rate shown above. Local dealers add making charges, duty and their own margin, so the counter price in Iceland is normally higher.
How often does this price update?
Every 15 minutes. The figure on this page is a cached quote and can be up to 15 minutes behind the market, and the timestamp above it always states when the price was actually taken. For real-time rates, request the same data from the CommodityPriceAPI directly.