Information About Gold Bars
According to HM Customs & Excise:-
"Investment gold (other than investment gold coins) is defined as: "gold of a purity not less than 995 thousandths that is in the form of a bar, or a wafer, of a weight accepted by the bullion markets".
For the purposes of this definition bars and wafers are commonly traded in the following weights:
Unit | Weights Available | Kilos | Grams | Troy Ounces
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London Good Delivery Bar | 12.5 Kilogram | 12.5 | 12,500 | 400
|
Kilogram Bars | 1 Kg | 1 | 1000 | 32.15
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Grams | 500 gram | 0.5 | 500 | 16.07
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Grams | 250 gram | 0.25 | 250 | 8.04
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Grams | 100 gram | 0.1 | 100 | 3.22
|
Grams | 50 gram | 0.05 | 50 | 1.61
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Grams | 20 gram | 0.02 | 20 | 0.64
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Grams | 10 gram | 0.01 | 10 | 0.32
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Grams | 5 gram | 0.005 | 5 | 0.16
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Grams | 2.5 gram | 0.0025 | 2.5 | 0.08
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Grams | 1 gram | 0.001 | 1 | 0.03
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Ounces | 100 ounce | 3.11 | 3110 | 100
|
Ounces | 10 ounce | 0.31 | 311 | 10
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Ounces | 5 ounce | 0.16 | 155.6 | 5
|
Ounces | 1 ounce | 0.03 | 31.1035 | 1
|
Ounces | ½ ounce | | 15.56 | .5
|
Ounces | ¼ ounce | | 7.78 | .25
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Taels | 10 taels | 0.37 | 371 | 11.913
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Taels | 5 taels | 0.185 | 185 | 5.9565
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Taels | 1 tael | 0.371 | 37.05 | 1.1913
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Tolas | 10 tola | 0.117 | 116.6 | 3.75
|
Tolas | 5 tola | 0.0585 | 58.3 | 1.875
|
(1oz = 31.1035 grams)
(1 tael = 1.1913 oz)
(1 tola = 180 grains troy = 0.375 oz)
London Good Delivery Bars
The only size bar normally used in major international markets is the London Good Delivery Bar, which as you can see from the above table is 400 ounces or 12.5 kilograms. Most gold stored by central banks is in this form.
Kilo Bars
One Kilo Bars are a convenient weight, being a nice round number, so being easy to track the price. Because they are worth over £15,000 they are above the UK notification level, so it is perhaps natural that smaller sizes are more popular.
Smaller Bars
Smaller bars, such as fractional kilo bars, and one ounce bars, combine convenient size with reasonably low premium.
Very Small Bars
Weights such as one gram are so small that the cost of production dictates that their premium over gold content is too high for prudent investors, but they can make attractive gift items.
Dimensions
As we are frequently asked about the dimensions of gold bars, we have provided this information on our Dimensions of Gold Bars page.
Gold Bars for Collectors
We now have a small selection of different or unusual bars for collectors.
Circular Gold Bars
One solution to the question of which size bar to purchase, is to buy modern one ounce bullion coins. It is sensible to consider them as being one ounce circular bullion bars, guaranteed by a government rather than a refiner.
Because coins are mass produced, and very efficiently so, they are available at very competitive prices compared with similar size bars.
Because gold coins are almost universally recognised, they are also easy to resell.
It's worth looking at out Gold Coin Selector page.
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Gold Bar Stack
Gold Bars For Sale
ARY 1 Ounce Gold Bar
Gold Bullion Bars Information
Rothschild 50 Gram Gold Bar
Bullion Coin Selector Page
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