Gold Price in Hong Kong Dollars (HKD) Today
The current gold price in Hong Kong Dollars is HK$39,160.20 per troy ounce, or HK$1,259.03 per gram for 24-karat pure gold. This is calculated from the live XAUUSD spot price of $5,000.90 per ounce using the real-time HKD/USD exchange rate.
22K Gold / Gram
HK$1,154.15
18K Gold / Gram
HK$944.27
14K Gold / Gram
HK$734.39
Gold Price in Hong Kong Dollars — All Karats & Weights
| Weight | 24K (99.9%) | 22K (91.67%) | 18K (75.0%) | 14K (58.33%) |
|---|---|---|---|---|
| 1 Gram | HK$1,259.03 | HK$1,154.15 | HK$944.27 | HK$734.39 |
| 5 Grams | HK$6,295.14 | HK$5,770.76 | HK$4,721.36 | HK$3,671.96 |
| 10 Grams | HK$12,590.29 | HK$11,541.52 | HK$9,442.71 | HK$7,343.91 |
| 1 Troy Ounce | HK$39,160.20 | HK$35,898.15 | HK$29,370.15 | HK$22,842.14 |
| 50 Grams | HK$62,951.43 | HK$57,707.58 | HK$47,213.57 | HK$36,719.57 |
| 100 Grams | HK$125,902.86 | HK$115,415.15 | HK$94,427.15 | HK$73,439.14 |
| 1 Kilogram | HK$1,259,028.62 | HK$1,154,151.54 | HK$944,271.47 | HK$734,391.40 |
| 1 Tola (11.66g) | HK$14,680.27 | HK$13,457.41 | HK$11,010.21 | HK$8,563.00 |
Prices derived from the live XAUUSD spot rate and real-time exchange rates. 1 troy ounce = 31.1035 grams. Updated every 30 seconds.
Gold Market in Hong Kong
Hong Kong is one of Asia's premier gold trading centers, serving as a critical link between the London/New York markets and mainland China's Shanghai Gold Exchange. The Chinese Gold and Silver Exchange Society (CGSE), established in 1910, is Hong Kong's primary physical gold exchange, trading the distinctive "tael" unit (1 tael = 37.429 grams) alongside metric contracts. The CGSE's 99 gold contract (99% purity, priced in HKD per tael) is the benchmark for Hong Kong's physical gold market. Hong Kong's linked exchange rate system pegs the Hong Kong dollar to the US dollar at a band of 7.75-7.85 HKD/USD, meaning HKD gold prices closely track international USD prices with minimal currency variation. Hong Kong has no capital gains tax, no VAT/GST, and no withholding tax on gold transactions, making it one of the world's most tax-efficient gold markets. The Hong Kong Monetary Authority holds approximately 2.1 tonnes of gold reserves — modest for a major financial center, reflecting Hong Kong's focus on foreign exchange reserves rather than gold. Hong Kong's role in the gold market extends beyond trading: it is a major gold transit hub, with gold flowing through Hong Kong en route to mainland China, and the city's free port status means no duties on gold imports or exports. Major banks including HSBC, Standard Chartered, and Bank of China (Hong Kong) offer gold trading and storage services.
How We Calculate Gold Price in HKD
The gold price in Hong Kong Dollars is calculated using two live data feeds:
- The XAUUSD spot price — the international gold price per troy ounce in US dollars, sourced from the gold API and refreshed every 30 seconds.
- The HKD/USD exchange rate — sourced from open exchange rate data and cached for 10 minutes.
Gold per ounce (HKD) = XAUUSD spot price × HKD/USD rate
Gold per gram (HKD) = Gold per ounce (HKD) ÷ 31.1035
Example: $5000.90 × 7.8306 = HK$39,160.20 per ounce
Gold Tax & Duty in Hong Kong
Hong Kong has no capital gains tax on gold or any other asset — profits from gold trading are completely tax-free for individuals. There is no VAT, GST, or sales tax of any kind. There are no import or export duties on gold (Hong Kong is a free port). There is no wealth tax or inheritance tax. The only potential tax implication is profits tax at 8.25-16.5% for businesses that trade gold as a commercial activity, but individual investors face zero tax burden. This extraordinarily favorable tax regime, combined with the HKD/USD peg that provides exchange rate stability, makes Hong Kong one of the most attractive gold investment jurisdictions in the world. Gold stored in Hong Kong vaults is also free from any tax or reporting requirements for individuals.
Where to Buy Gold in Hong Kong
The Chinese Gold and Silver Exchange Society (CGSE) in Sheung Wan has been the center of Hong Kong's gold trade since 1910. It operates an open-outcry trading floor and electronic platform, with gold traded in taels (37.429 grams) at 99% purity — a standard unique to the Hong Kong market and distinct from the London Good Delivery (99.5%) and Shanghai (99.99%) standards. The Hong Kong gold market benefits from its time zone, bridging the close of the London afternoon fix and the opening of the Shanghai morning session. Major international banks with gold trading desks in Hong Kong include HSBC, Standard Chartered, JPMorgan, and UBS. The Hang Seng Gold ETF (SGOL.HK) and SPDR Gold Trust (2840.HK) provide exchange-traded gold exposure in HKD. Hong Kong's Tsim Sha Tsui and Causeway Bay districts host major jewelry retailers — Chow Tai Fook, Chow Sang Sang, and Luk Fook, all listed on HKEX, operate hundreds of outlets selling both jewelry and investment gold. Hong Kong's free port status means gold can enter and leave without customs duties, making it a major transit point for gold flowing into mainland China through authorized channels and, historically, through informal trade. The Hong Kong Gold Market Association (HKGMA) represents the industry.
Frequently Asked Questions
Is gold tax-free in Hong Kong?
Yes, completely. Hong Kong has no capital gains tax, no VAT/GST, no sales tax, no import/export duties on gold, no wealth tax, and no inheritance tax. Individual investors pay zero tax on gold purchases, holdings, or profits from gold sales. This makes Hong Kong one of the most tax-favorable gold markets in the world. The only potential tax applies to businesses that trade gold commercially (profits tax at 8.25-16.5%). Hong Kong's free port status also means gold can be imported and exported without any customs duties or declarations.
What is the tael and how is it used in Hong Kong's gold market?
The tael is a traditional Chinese unit of weight used in Hong Kong's gold market, with 1 tael equal to 37.429 grams (approximately 1.2034 troy ounces). The CGSE's benchmark 99 Gold contract is quoted in HKD per tael at 99% purity. While the international market uses troy ounces and the mainland Chinese market uses grams, Hong Kong's tael system reflects its historical role as a Chinese trading port with its own conventions. To convert tael prices to per-ounce: multiply by 31.1035/37.429 (approximately 0.831).
How does the HKD/USD peg affect gold prices?
The Hong Kong dollar operates under a linked exchange rate system pegged to the US dollar at 7.75-7.85 HKD/USD (managed by the HKMA). This tight band means HKD gold prices closely mirror international USD gold prices — when gold rises $10/oz in USD, it rises approximately HK$78/oz. The peg provides exchange rate stability for gold investors, eliminating the currency risk that affects investors in freely floating currencies. However, it also means HKD gold does not provide a natural hedge against dollar depreciation.
What is the Chinese Gold and Silver Exchange Society (CGSE)?
The CGSE, established in 1910, is Hong Kong's primary physical gold exchange. Located in Sheung Wan, it operates both an open-outcry trading floor and electronic trading platform. The exchange trades gold in tael units (37.429g) at 99% purity, using a settlement system backed by physical gold stored in CGSE-approved vaults. The CGSE has over 170 members, including major banks and bullion dealers. It serves as a critical price discovery venue bridging Western (London/New York) and Eastern (Shanghai) gold markets, with trading hours overlapping both time zones.