One Ounce Gold Bar Size

Even countries that use the metric system still produce bars and coins in the 1 troy oz size since it is so popular.

One ounce gold bar size.

Popular mints for gold bars of all sizes include pamp suisse the perth mint and the royal canadian mint. A standard gold bar measures 7 x 3 5 8 x 1 3 4 inches according to the united states mint. Gold bar weight classes. Here we examine changing gold bar weight standards.

In other words often the largest gold bar weights are not exact and therefore cannot be traded without adequate record keeping weighing and assaying. The gram gold bars and the ounce gold bars. The most popular gold bar size is the 1 oz gold bar followed by the kilo gold bar which weighs 32 15 oz. 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.

Gold bars come in a plethora of sizes from 1 gram to 400 ounces. 438 9 oz nominal weight. Gold bars weights are highly variant and often are not even homogenous nor fully fungible. 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.

As an example one ounce is currently 1445 but 100 grams would be worth 4603. 14 58 troy ounces oz t in gold is equal to one pound. 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. The avoirdupois ounce is lighter than the troy ounce.

The 1 troy oz gold bar is the most common size traded around the world. 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. One avoirdupois ounce equals 28 349523125 grams.

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. 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. The internationally accredited standard dictates it must weigh between 350 and 430 ounces.

One factor to consider when purchasing gold bars is the premium added to the price of spot gold. Generally speaking there are two main weight classes of gold bullion. 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.