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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).
Good Delivery gold bar weighing 12.4 kilograms (400 ozt) Good Delivery silver bar weighing 31.1 kilograms (1,000 ozt) The Good Delivery specification is a set of rules issued by the London Bullion Market Association (LBMA) describing the physical characteristics of gold and silver bars used in settlement in the wholesale London bullion market. [1]
The gold bars held in the depository are approximately seven inches long, three and a half inches wide, and one and three-quarters inches thick. While each of these bars contains the equivalent of about 400 troy ounces (12.4 kilograms) of pure gold, they differ in their composition.
Common bar sizes include one ounce, 10 ounces and 400 ounces, and 100 grams and one kilogram. ... How much does a gold bar weigh? Gold bars come in standard sizes ranging from one to 400 ounces ...
The price of a gold bar depends on two key factors: the size of the bar and the spot price of the shiny metal. As of July 24, the spot price is $2,397.50 per troy ounce.
Bullion coins are the most common products produced and marketed in troy ounces, but precious metal bars also exist in gram and kilogram (kg) sizes. (A kilogram bullion bar contains 32.151 troy ounces.) For historical measurement of gold, a fine ounce is a troy ounce of pure gold content in a gold bar, computed as fineness multiplied by gross ...