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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 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).
LBMA Good Delivery refiners produce 400-ounce gold bars or 1000 ounce silver bars (also known as ‘large’ or ‘market’ bars) that conform to the strict specifications described in the Good Delivery Rules. The Good Delivery Rules defines what is acceptable when it comes to the appearance and the shape of the bars themselves.
A Bloomberg survey found that over 75% of Costco stores had sold out of gold bars. ... The refiner has also earned the Good Delivery accreditation from the London Bullion Market Association, is an ...
This requirement is quite substantial, as "a unitholder must have enough units to equate to one full-sized London Good Delivery bar (approximately 400 oz)." Gold’s gleaming rise. Gold is already ...
The price of a bar of gold is worth a million dollars for the first time, thanks to soaring prices for the precious metal. Skip to main content. 24/7 Help. For premium support please call: ...
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