Gold Bar Size report
Gold is not legal tender. It is not a recognized currency but is traded in commodities whose prices fluctuate. There are two main types of gold bars: commemorative gold bars and general investment gold bars. Any U.S. bank that acts as principal in gold-related transactions must notify the Federal Reserve Bank in its region.
Gold bars are big or small, divided into ounces and grams; small ones are 10g, 20g, 50g, 100g, etc. Large ones have to be calculated in kilograms. Note: The specifications of gold bars vary from country to country, but according to international practice, gold bars entering the market must be marked with their fineness and weight, as well as the name and number of the refinery when they are cast in the refinery.
Around 150,000 gold bars are produced annually by 55 manufacturers worldwide, and they contain at least 99.5% gold. Around the world, central banks hold about 2.5 million of these bars.
Gold Bar Size Guide
As we have mentioned before, to meet different consumer needs, mints from around the world choose to produce a variety of weights and sizes for gold bars. There is no uniform regulation on the weight of gold bars. When circulating in the gold exchange or market, the weight specifications of standard gold bars are 10 grams, 30 grams, 50 grams, 100 grams, 300 grams, 500 grams, and 1000 grams, and the gold fineness is 99.99 %.
To better understand the market, let's look at the different units in which gold bars are sold.
Grams
Many gold bars are available in grams and kilograms, and this is the most popular size worldwide, particularly for smaller-sized bars. These bars are also most popular in Europe, where the metric system is used as the standard. Gold bars are sold in sizes from 1 gram to 1 kilogram.
Ounces
Bars denominated in Ounces and fractional ounces are most common in North America and worldwide. The most common-sized gold bar available worldwide is the 1 Ounce gold bar, equal to approximately 31.105 grams of gold. It is also worth mentioning that the 1 Ounce gold bar is the smallest denomination bullion bar.
Troy Ounce
Most refineries use troy ounce as a unit of weight for gold. Troy ounces have been used to measure precious metal products since the Middle Ages. It is still the most common unit for bullion to this day. 1 troy ounce is equal to 31.1035 grams or 1.097 regular ounces.
Gold Bar Weight
- One troy ounce is equivalent to 31.1034768 g in gold bar weight.
- One kilogram of gold bar weight is 32.1507 troy ounces.
| Grams | Ounces | |
|---|---|---|
| Small Bars | 1/2 gram | 0.016 troy oz. |
| Small Bars | 1 gram | 0.032 troy oz. |
| Small Bars | 2 grams | 0.064 troy oz. |
| Small Bars | 2.5 grams | 0.80 troy oz. |
| Small Bars | 5 grams | 0.16 troy oz. |
| Small Bars | 10 grams | 0.32 troy oz. |
| Medium Bars | 20 grams | 0.64 troy oz. |
| Medium Bars | 50 grams | 1.6 troy oz. |
| Medium Bars | 100 grams | 3.22 troy oz. |
| Large Bars | 250 grams | 8.04 troy oz. |
| Large Bars | 500 grams | 16.08 troy oz. |
| Large Bars | 1 kilogram | 32.15 troy oz. |
Gold Bar Dimensions
The dimensions of a gold bar are concerned with its width, length, and depth or thickness.
- According to the U.S. Mint, standard bullion measures 7" x 3 5/8" x 1 3/4". It weighs about 400 ounces or 25 pounds. Internationally recognized standards dictate that it must weigh between 350 and 430 ounces.
- The London Bullion Market (LBMA) defines "London Good Delivery" as the international gold bar standard by weight. Size isn't too important, but the market recommends about 10" x 3 1/5" for the top side, 9 3/10" x 2 1/5" for the bottom side, and 1 1/2" thick.
| Weight | Length | Width | Thickness |
|---|---|---|---|
| 1 troy oz. (31.1 g) | 1.65 inches (4.2 cm) | 0.95 inches (2.4 cm) | 0.08 inches (0.2 cm) |
| 3.2 troy oz. (100 g) | 2.17 inches (5.5 cm) | 1.22 inches (3.1 cm) | 0.12 inches (0.3 cm) |
| 32.1 troy oz. (1 kg) | 3.15 inches (8 cm) | 1.58 inches (4 cm) | 0.71 inches (1.8 cm) |
| 400 troy oz. (12.4 kg) | 10.7 inches (27.2 cm) | 3.72 inches (9.45 cm) | 2.03 inches (5.1 cm) |
Conclusion
Mints from across the globe produce gold bullion bars for investment in different weights and sizes. More experienced investors might favor larger gold bars for convenience in shipping and storage. New investors or those on a limited budget will often consider smaller gold bars. Remember that the standard bar weighing about 400 troy ounces or approximately 438.9 ounces (12.4 kg) is well-known as a Good Delivery gold bar.
