How Many Oz In A Gold Bar

The comex gold bar or 100 oz bar is a standard sized bar used in investment portfolios and transactions on the nymex or new york stock exchangemarket.

How many oz in a gold bar. It weights about 400 ounces or 25 pounds. This is the good delivery bar that is held by banks and federal reserves. A standard gold bar measures 7 x 3 5 8 x 1 3 4 inches according to the united states mint. Gold bars weights are highly variant and often are not even homogenous nor fully fungible.

Full troy ounce gold bars weigh approximately 31 1 grams and are one of the more cost efficient ways to gain exposure to gold. The most common is 100 oz size at a 9999 purity and is known as the standard for the north american gold futures market. Therefore each 1 move in the price of gold translates into a 100 change in the value of the gold futures contract. 14 58 troy ounces oz t in gold is equal to one pound.

A standard gold bar weighs 400 troy ounce equivalent to 438 86 ounces or 12 444 kg. Shanghai 3000 g gold bar this standard sized bar weighing 3000 g is used on the shanghai gold exchange market. Even countries that use the metric system still produce bars and coins in the 1 troy oz size since it is so popular. The internationally accredited standard dictates it must weigh between 350 and 430 ounces.

But you can also buy affordable gold bars in many sizes that weigh as little as 1 gram 0 0322 troy ounce. Comex bars range between 95 105 oz based on purity. The 1 troy ounce gold bar is one of the cheapest ways to invest in the rare yellow metal. In other words often the largest gold bar weights are not exact and therefore cannot be traded without adequate record keeping weighing and assaying.

These bars are usually available for lower premiums per ounce than gram sized bars and are produced with purities of 999 99 9. Here we examine changing gold bar weight standards. 438 9 ounce good delivery gold bar. Call us at 1 888 319 8166 for available hallmarks and current pricing of 400 oz gold bars.

The 400 oz gold bar also known as a good delivery bar is the single largest physical gold investment you can make today. The 1 troy oz gold bar is the most common size traded around the world. The standard gold bar held as gold reserves by central banks and traded among bullion dealers is the 400 troy ounce 12 4 kilogram. Learn why gold bars are a great place to start.