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How much is a gold bar worth?

How much is a gold bar worth?
Diana Paluteder

Gold, a long cherished symbol of wealth and stability across cultures and economies, has experienced a notable uptick in value of late. In light of this surge, we couldn’t help but wonder: just how much is a gold bar worth?

How much is gold worth today?

The price of gold as of April 18, 2024, was $2,383.22 per ounce. 

How much is a gold bar worth?

A gold bar’s worth depends on its weight, purity, and the current market price of gold, which can fluctuate based on market conditions, including economic indicators, market demand, and geopolitical factors.

Here’s a table reflecting the current values of various gold bar types based on the current price of gold at $2,383.22 per troy ounce: 

Gold bar type Price (USD)
400 oz gold bar $953,288
100 oz gold bar $238,322
1000 g gold bar $76,622
1 pound gold bar $34,755
1 oz gold bar $2,383
1 g gold bar $76.62
Price of different gold bars

Gold weight units

Gold bars are globally traded in various weight units to suit regional preferences. Common units include grams, troy ounces, tola, tael, baht, chi (or cay or luong), don, and mesghal. While the internationally recognized London Good Delivery 400 oz bar is primarily traded in troy ounces, there’s a global shift towards denominating smaller cast and minted bars in grams.

Below is a table detailing the various units of weight used for gold bars around the world, along with their respective regions and approximate conversions into troy ounces:

Unit Region Weight in troy ounces
Gram International 0.03215
Troy ounce English-speaking countries (USA, UK, Australia) 1
Tola Indian Sub-Continent, Middle East 0.375
Tael Hong Kong, Taiwan 1.20337
Baht Thailand 0.49010
Chi Vietnam 0.42923
Don South Korea 0.36643
Mesghal Iran 0.26666
Gold weight units

How much does a gold bar weigh?

Gold is primarily measured in troy ounces, often referred to simply as “ounces” in contexts related to gold. 

As mentioned above, the most widely recognized standard gold bar is the Good Delivery bar, which central banks and bullion dealers hold and trade. This bar typically has a nominal weight of 400 troy ounces (approximately 12.4 kg or 27.4 lb), though its actual gold content may range from 350 to 430 troy ounces (10.9 kg to 13.4 kg or 24.0 lb to 29.5 lb). 

These bars, which must be at least 99.5% pure gold, are required to be stored in accredited and secure gold bullion vaults to preserve their Good Delivery status, assuring their integrity and maximizing their resale value.

Below is a table summarizing the standard weights for large and small gold bars, converted into grams, ounces, and pounds: 

Gold bar type Weight in troy ounces Weight in grams Weight in pounds
Large – 400 oz 400 12,440 27.4
Large – 100 oz 100 3,110 6.85
Small – 1 kg 32.15 1,000 2.2
Small – Tola 0.375 per Tola 11.66 per Tola 0.0256 per Tola
Small – Gram 0.03215 per Gram 1 per Gram 0.0022 per Gram
Different gold bar weights

How much is the largest gold bar worth today?

As of April 18, 2024, the world’s largest gold bar, crafted by Mitsubishi Materials Corporation—a subsidiary of Mitsubishi—is valued at approximately $19,156,322. This colossal bar weighs 250 kg (8,038 troy ounces) and measures 455 mm x 225 mm (17.9 in x 8.9 in) at the base with a height of 170 mm (6.7 in). First displayed at the Toi Gold Museum on July 11, 2005, its gold content was initially valued at 400 million yen, equivalent to about US$3,684,000 at that time.

Where to buy gold bars?

You can buy gold bars from a variety of commodity vendors, including:

  • Bullion dealers: Specialized dealers typically offer a wide range of gold bullion products, including bars, coins, and rounds. They provide various sizes and brands, with options for online purchasing and secure shipping;
  • Banks: Some banks sell gold bars directly to their customers. Availability can vary by location and typically involves higher premiums over the spot price of gold;
  • Precious metals exchanges: These platforms offer both physical and paper gold options and cater to both retail and institutional investors;
  • Online retailers: Numerous online platforms specialize in precious metals and offer competitive pricing, secure storage options, and insured shipping;
  • Coin shops: Local coin shops often carry a selection of gold bars along with other precious metals and numismatic items;
  • Private mints and refineries: Some mints and refineries sell directly to the public, offering gold bars and other precious metal products crafted on-site.

Ensure that any vendor you choose is reputable and can verify the purity and weight of the gold. 

How to buy gold?

Make sure to consider the pros and cons of each vendor, taking into account factors like pricing, authenticity, and buyback policies. Additionally, think about storage and insurance solutions for your gold bar investment. If you want to invest in gold without the hassle of owning and storing physical gold bars, check out our dedicated guide

How much is a bar of gold worth – the bottom line

How much a gold bar is worth is determined by its weight, purity, and the prevailing market prices. So, whether you’re considering an investment in gold for personal assets or as part of a broader financial strategy, it’s important to understand that these factors can significantly impact the worth of gold at any given time. 

As a result, keeping up with market trends and understanding the factors that affect gold prices are crucial. Ultimately, buying gold bars can be a sound investment decision, offering a tangible asset that often retains value in times of economic uncertainty

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

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