One Ounce Gold Bar Size

The premium over spot is usually the smallest when ordering bars of larger size such as the kilo gold bar however a large quantity order of a smaller bar size can also reduce the premium or price per ounce gram or kilo paid over the fluctuating gold spot price.

One ounce gold bar size.

The gram gold bars and the ounce gold bars. Here in america we normally convert weights using pounds. The 1 troy oz gold bar is the most common size traded around the world. The current value of a gold bullion in bar form varies depending on the weight of the gold in the bar.

It weights about 400 ounces or 25 pounds. As an example one ounce is currently 1445 but 100 grams would be worth 4603. The avoirdupois ounce is lighter than the troy ounce. Even countries that use the metric system still produce bars and coins in the 1 troy oz size since it is so popular.

Generally speaking there are two main weight classes of gold bullion. Here we examine changing gold bar weight standards. This 1 oz gold bar contains one troy ounce of 999 9 fine gold and is designed to personify the link between the royal mint and britannia. Gold bars weights are highly variant and often are not even homogenous nor fully fungible.

The price of. One factor to consider when purchasing gold bars is the premium added to the price of spot gold. The internationally accredited standard dictates it must weigh between 350 and 430 ounces. Gold bar weight classes.

In other words often the largest gold bar weights are not exact and therefore cannot be traded without adequate record keeping weighing and assaying. A standard gold bar measures 7 x 3 5 8 x 1 3 4 inches according to the united states mint. The super size is worth more than the standard gold bar held and traded internationally by central banks and bullion dealers is the good delivery bar with a 400 ozt 12 4 kg. Bars that are smaller in size such as 1 to 5 gram bars will usually include a higher premium than a 5 or 10 troy ounce bar.

The general rule of thumb is the bigger the bar the lower the premium over spot price per ounce. Within these classes there are dozens of specified sizes and many brands that make gold bars these bars can range from around 50 usd to over 100 000 depending on their purity and weight. A bigger bar is a cheaper bar. 438 9 oz nominal weight.

Gold bars come in a plethora of sizes from 1 gram to 400 ounces. For this range the britannia design has been newly interpreted by the royal mint s coin design team and brought together by principle designer jody clark. 14 58 troy ounces oz t in gold is equal to one pound.