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A big gold bar is worth approximately $65,341, based on the current market value of gold. How much space does a gold bar take up? A standard gold bar measures 7 x 3 5/8 x 1 3/4 inches and weighs about 400 ounces or 25 pounds.
How Big is a 1 Troy oz Gold Bar (31.1 grams)? The 1 Troy oz gold bar is the most common size traded around the world. Even countries that use the metric system still produce bars (and coins) in the 1 Troy oz size, since it is so popular.
Most gold bars weigh one troy ounce. Other common sizes are 5 oz, 10 oz gold bars, and 1 kilo gold bars (32.15 troy oz)
A “standard” gold bar weighs approximately 400 troy ounces and has a minimum fineness of 995 parts per 1,000 pure gold (99.5% purity). The LBMA defines the standard weight of a gold bar within a range of 350 to 430 fine ounces, approximately 10.9 to 13.4 kilograms. Most bars align closely to 400 ounces.
For buying and selling purposes, the London Bullion Market Association identifies four basic gold bar options: • 1 troy ounce bars – Measuring 1.65 inches in length and 0.95 inches in width, 1 troy ounce gold bars are often more affordable for buyers, and they’re much easier to store.
Gold bars weights are highly variant, and often are not even homogenous nor fully fungible. In other words, often the largest gold bar weights are not exact and therefore cannot be traded without adeq
Their thickness should be 1.6 mm (about 0.06 in). The blue assay card that the bar is shipped with measures 2.5 inches by 3.25 inches and details the .9999 gold purity of the bar. Who Makes APMEX Gold Bars? APMEX 1 ounce gold bars are produced by Valcambi, a precious metal refinery based in Switzerland that was founded in 1961.
By far, the 1 oz gold bar is the most common sized gold bar that is traded and used for investments in many countries around the world. Its affordable price will fluctuate in tandem with the spot price of gold.
A one-ounce gold bar is generally going to have a lower premium than fractional gold, but a higher premium than a larger sized, similar product such as a ten-ounce bar. What is your 1 oz Gold Bar worth? Explore bullion melt values, premiums, and total cost so you can Invest Smarter with APMEX.
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; 27.4 lb) nominal weight. However, its precise gold content is permitted to vary between 350 ozt (10.9 kg; 24.0 lb) and 430 ozt (13.4 kg; 29.5 lb).