Gold Price Today in Hong Kong
Hong Kong gold is traditionally priced per tael of 37.429 grams. The live table converts the world price into Hong Kong dollars per tael, per mace (one tenth of a tael) and per gram, for 999.9 and 99% gold. Jewellers' board prices for chuk kam (pure gold) sit above parity for selling and below it for buying back.
Live gold rate in Hong Kong (HKD)
| Weight & purity | Live price |
|---|---|
| 999.9 gold · 1 tael (37.429 g) | live |
| 999.9 gold · 1 mace (3.7429 g) | live |
| 999.9 gold · 1 gram | live |
| 999.9 gold · 1 troy ounce | live |
| 999.9 gold · 5 taels | live |
| 99% gold · 1 tael | live |
| 18K gold · 1 gram | live |
Live XAU/HKD (TradingView OANDA:XAUHKD) scaled to each weight and purity. International parity: the live world gold price converted at the current exchange rate, scaled by weight and purity. It excludes local dealer premiums, taxes and making charges. How we calculate
How gold is priced in Hong Kong
Hong Kong is one of the world's main gold trading and transit centres. The Hong Kong dollar is pegged to the US dollar within a narrow band, so the local gold price moves almost exactly with the dollar price; currency swings that dominate gold prices in Turkey or Egypt hardly matter here. Hong Kong also has no sales tax, VAT or GST, and no capital gains tax, so bullion prices are close to world parity plus a dealer margin.
The Chinese Gold & Silver Exchange Society, founded in 1910, is the territory's traditional gold exchange. Its members trade gold priced in Hong Kong dollars per tael, alongside contracts in US dollars per ounce. Jewellery shops publish their own daily board prices for buying and selling gold per tael and per mace, revised as the market moves.
Units and purity marks
| Term | Meaning |
|---|---|
| Tael (兩, leung) | 37.429 g |
| Mace (錢, chin) | 1/10 tael, 3.7429 g |
| Candareen (分, fan) | 1/100 tael, 0.37429 g |
| Chuk kam (足金) | Pure gold, at least 99.0% |
| 999.9 (four nines) | At least 99.99% gold, often marked 足金999.9 |
| 18K | 75% gold, for gem-set and Western-style pieces |
The Hong Kong tael (37.429 g) is not the same as the Vietnamese lượng (37.5 g) or the mainland Chinese liang (50 g). Always confirm which tael a quote refers to.
Where people buy
The large jewellery chains, such as Chow Tai Fook, Chow Sang Sang and Luk Fook, have branches across Kowloon and Hong Kong Island, with dense clusters in Mong Kok, Tsim Sha Tsui and Causeway Bay. Smaller family goldsmiths sell chuk kam bangles, pendants and the "dragon and phoenix" bridal bangles traditionally given at weddings. Banks and bullion dealers sell 999.9 bars and coins; some banks also offer gold accounts quoted per tael or per ounce. Chuk kam jewellery is often priced by weight at the board price plus a labour charge, while designer pieces carry a fixed tag price.
Gold in Hong Kong family life
Chuk kam jewellery is bought as much for saving as for wearing. At a traditional wedding the bride receives gold bangles, necklaces and pendants from both families, and newborns are often given small gold pieces or a gold "longevity lock" pendant. Because these gifts are sold by weight at the board price plus labour, families can later sell them back at the board buying price. Mainland visitors have long bought gold in Hong Kong because the absence of sales tax makes plain gold slightly cheaper than at home, though customs limits on what they can carry back apply.
Worked example (illustrative)
Suppose parity is HK$1,035 per gram, which is HK$38,739 per tael (37.429 × 1,035). A jeweller's board sells chuk kam at HK$40,200 per tael and buys back at HK$36,500. You buy a 2-mace pendant (0.2 tael) with HK$300 labour:
| Item | Calculation | Amount |
|---|---|---|
| Gold | 0.2 tael × HK$40,200 | HK$8,040 |
| Labour | fixed | HK$300 |
| Price paid | HK$8,340 | |
| Same-day buy-back | 0.2 tael × HK$36,500 | HK$7,300 |
| Round-trip cost | HK$8,340 − HK$7,300 | HK$1,040 |
All numbers are examples. Board spreads on jewellery are wider than dealer spreads on bars, so bars are the cheaper way to hold gold as savings.
Tips
- Check whether the board price is per tael or per mace, and the purity it refers to.
- Ask for the weight in taels, mace and candareens, and the labour charge, on the receipt.
- Visitors pay no sales tax, but check your home country's customs allowance before flying back.