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; 438.9 oz) nominal weight. However, its precise gold content is permitted to vary between 350 ozt (10.9 kg; 384.0 oz) and 430 ozt (13.4 kg; 471.8 oz).
12.5KG Gold Bar | 400oz Good Delivery Bar - From $823,333.
It typically weighs in at 400 troy ounces (27.5 pounds), and measures 7 inches x 3 and 5/8 inches x 1 and 3/4 inches, however dimensions and weights can vary between different institutions and uses.
The 1 kilo gold bar is an atypical size of gold bar. A common question is how many ounces or grams is included in a single kilo. The answer is a 1 kilo gold bar has 32.15 ounces of gold or 1000 grams.
A standard gold bar weighs 12.4 kilograms (which is 400 troy ounces, or 27.4 pounds). Banks across the world use this weight.
Today's ask price per 1 Kilo Gold Bullion bar is: 64484.12.
the largest 72kg gold nugget ever found (called the Welcome Stranger), today this nugget would be worth approximately $4.5M USD, discovered by two miners John Deason and Richard Oates on February 5, 1869, near Moliagul, in the state of Victoria, Australia.
Gold is considered a hedge against inflation
Gold and other precious metals have long been considered a smart way to fight inflation. That's because it tends to hold its value and preserve your purchasing power over the long haul, despite fluctuations in the dollar.
In summary, gold bars are generally pure gold, with at least 99.9% purity. They can be made through casting or minting, with cast bars generally being cheaper and having unique imperfections, while minted bars have smooth, even surfaces and traditionally higher premiums.
Apparent mass of gold underwater = 12.8 kg (28.2 pounds).
Gold 1 Kilo Bar, 32.15 oz, . 9999 Pure (Brand our Choice) Sell to Us Price: $61,879.42 each. Sell to Us Price: $61,879.42 each.
Your Emirates 1 Tola (11.66 grams) gold bar will be sealed within the manufacturer's original attractive and tamper-proof certicard packaging which will protect your purchase and provide additional verification of the product's authenticity for a future sale.
In general, though, financial experts often recommend putting between 5 and 20% of your portfolio into gold or other precious metals, though some suggest an even greater allocation.
Gold price predictions for next 5 years: experts' analysis
The banking group saw the precious metal trading at $2,000 at the end of 2023, accelerating to $2,075 by September 2024. A poll of 38 analysts conducted by Reuters in January was less optimistic as they expected the gold price to average at $1,890 in 2024.
$64,420.44 TOTAL PRICE: This is the price you will pay to purchase this product. It is composed of the METAL VALUE, the FEES, and the VAT (Note: gold is VAT-free in Switzerland).
10K gold is the least pure, least expensive, yet most durable, form of gold used widely in jewelry today. With its 41.7% gold purity, it's the most impure gold available on the market that can still legally be called “gold” in the US and most other countries.
The reasons behind gold's enduring value include: Gold is perceived as a symbol of wealth, power, and majesty. Gold has had an exalted position throughout the ages as a highly coveted, even worshipped material. Gold has been used over millennia as jewelry and a means of exchange.
Considered by most authorities to be the biggest gold nugget ever found, the Welcome Stranger was found at Moliagul, Victoria, Australia, in 1869 by John Deason and Richard Oates. It weighed gross, over 2,520 troy ounces (78 kg; 173 lb) and returned over 2,284 troy ounces (71.0 kg; 156.6 lb) net.
Today's Live Gold Rate in UAE - 24 Carat Gold Price is 2347 AED.