Gold price per troy ounce in Iceland
On November 5, 2026, one troy ounce of 24K gold in Iceland is worth 500.831 ISK; 22K is 458.761 ISK and 18K is 375.623 ISK.
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Price per troy ounce in ISK by karat
| Karat | Per troy ounce | Buy (bid) / gram | Sell (ask) / gram |
|---|---|---|---|
| 24K999 | 500.831 | 15.780,05 | 16.424,13 |
| 22K916 | 458.761 | 14.454,53 | 15.044,51 |
| 21K875 | 438.227 | 13.807,54 | 14.371,12 |
| 18K750 | 375.623 | 11.835,04 | 12.318,10 |
| 14K585 | 292.986 | 9.231,33 | 9.608,12 |
| 10K417 | 208.847 | 6.580,28 | 6.848,86 |
| 9K375 | 187.812 | 5.917,52 | 6.159,05 |
About this unit
Gold is priced internationally per troy ounce, which equals 31.1035 grams — about 10% heavier than the ordinary (avoirdupois) ounce of 28.35 g.
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ISK exchange rate
| 1 USD | 121,3577 ISK |
|---|---|
| 1 EUR | 136,3704 ISK |
| 1 GBP | 163,4852 ISK |
Gold spot price trend (USD/oz)
How the gold price in Iceland is calculated
We take the live spot price of 4,126.90 USD per troy ounce, divide it by 31.1035 to get 132.68 USD per gram of pure gold, and multiply by today’s exchange rate of 121,3577 ISK per dollar. That gives 16.102,09 ISK per gram for 24K. Lower karats are priced by their gold content.
Before you sell, weigh your pieces on a jeweler’s scale, check the hallmark and compare at least two quotes. Read our guide to selling gold.
More gold prices in Iceland
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