vc_row] vc_column offset=”vc_col-lg-9 vc_col-md-9″ css=”.vc_custom_1452702342137{padding-right: 45px !important;}”] stm_post_details] vc_column_text css=”.vc_custom_1662140934679{margin-bottom: 20px !important;}”]When asked “how much does a gold bar weigh?”, one would be tempted to answer “1 kilo”. But this is not always the case. GOLDMARKET invites you to discover the subtleties of the weight of bars.
Gold bullion is not a unit of measurement
Unlike a barrel of oil, an ingot is not a unit of volume. As a result, gold ingots do not always weigh the same. Their mass can vary, but also their size. While the standard weight of a gold ingot is one kilo, there are other possible weights.
How much does a gold bar weigh: from a few grams to several kilos
In jewelry, an ingot can weigh one gram and be used to make 24-carat jewelry. Indeed, a 24-carat jewel contains 24 units of gold for 24 units of metal. That is 99% pure gold, which is also the case for a gold ingot (whatever its weight). To be considered as such, a gold ingot must contain at least 995 thousandths of fine gold. Technically, we only talk about a gold ingot for weights of one kilo. Below one kilo, we talk about an ingot.
In financial exchanges, it is the kilo of gold of one kilo that dominates the transactions. But even the one kilo bars do not always weigh precisely one kilo. Their weight can vary between 995 and 1005 grams. For investment bars, the weight can range from a few tens to a few hundred grams. The Anglo-Saxon countries use another scale of measurement with the ounce of gold.
On the Banque de France side, we find gold bars that weigh 12,5 kilos. This is also the case at the Federal Reserve of the United States and other central banks around the world. By keeping the yellow metal in the form of a bar of this weight (for a length of approximately 26,5 cm), central banks can optimize the storage space of gold. Much rarer, the largest gold bars weigh several tens of kilos (up to 220 kg).
In summary, gold is categorized into ingots weighing less than one kilogram, ingots weighing one kilogram, and gold bars weighing more than one kilogram. Interested in investing in gold? Visit one of... our agencies GOLDMARKET throughout France. Discover also a wide selection of bullion and investment coins online. [/vc_column_text] stm_sidebar sidebar=”10172″] stm_post_bottom] stm_post_about_author] stm_post_comments] stm_spacing lg_spacing=”80″ md_spacing=”80″ sm_spacing=”30″ xs_spacing=”20″] /vc_column] vc_column width=”1/4″ offset=”vc_hidden-sm vc_hidden-xs”]
