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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). The minimum purity required is 99.5% gold.
As of Oct. 26, 2023, a 1-kilogram gold bar is worth $64,160.67. However, the price does fluctuate daily. ... The two standard gold bar weight classifications are grams and ounces. The 1-ounce gold ...
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]
[30] 1 kilogram (32.2 ozt) bars are also popular, although many other weights exist, such as the 10 ozt (310 g), 1 ozt (31 g), 10 g, 100 g, 1 kg, 1 Tael (50 g in China), and 1 Tola (11.3 g). Bars generally carry lower price premiums than gold bullion coins. However larger bars carry an increased risk of forgery due to their less stringent ...
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Quarter Pounder with cheese - $18 / lb, assuming 1/4 lb weight of burger and bun post cooking. With gold trading around $830 per ounce, and 16 ounces in a pound, a pound of gold is worth $13,280.