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; 438.9 oz) nominal weight.
The ABC Bullion 1oz gold bar is the cornerstone of the Australian physical gold trading system. Weight: 31.10 grams.
Gold ingots can vary in size but under the Good Delivery rules, bars are required to weigh 350-430 troy ounces (11-13kg).
Buy 1 Kilo Gold Bullion Bar
1Kg gold bars are investment-grade gold bullion bars weighing exactly 1 kilo or kilogram (1 kg), 1,000 grams or 32.1507 troy ounces. Gold bars 1 kilo have a fineness or gold content of between 0.995% and 0.9999%.
Gold bars are normally classified into two broad categories of weight. A large bar weighs more than 1000 g, a small bar weighs 1000 g or less. Bars are manufactured in different millesimal gold purities (or fineness), most ranging between 965 and 999.9.
12.5KG Gold Bar | 400oz Good Delivery Bar - From $819,733.
It is very dense. Another rather simple way to think of this is that if the density of water is 1 g/cc then the density of gold is 19.3 times greater than water. Water weighs about 8.3 pounds per gallon. Therefore gold weighs 19.3 times as much or (19.3 x 8.3 lb) about 160 pounds per gallon.
How Is the Weight of Gold Measured? Despite Australia using the metric system, the weight of gold bullions is still measures in ounces. But to add a further layer of complexity, that ounce measurement isn't an imperial ounce. Instead, it's a 'Troy' ounce.
Apparent mass of gold underwater = 12.8 kg (28.2 pounds).
The 400 Ounce Gold bar from The Royal Mint Refinery contains 400 troy ounces of 999.9 gold and is the largest gold bar available in the RMR range.
Gold is considered a hedge against inflation
Gold and other precious metals have long been considered a smart way to fight inflation. That's because it tends to hold its value and preserve your purchasing power over the long haul, despite fluctuations in the dollar.
Gold bars are priced by weight, typically ounces or grams, and this price is also affected by the market. As of Feb. 23, 2023, the price of 1 gram of gold is $58.62 whereas a gold bar that weighs a kilogram would fetch close to $60,000.
The current gold price of Kilogram in Australia is A$91,595.26 (Australian dollar).
Gold is considered a reliable investment in all cases. Gold bars are particularly so, since their value can be accurately determined by the live spot price. Gold coins will command slightly higher premiums over the spot price than gold bars, due to the extra minting costs, and the commemorative nature of their value.
Gold bullion comes in many different forms, and they are all just as valuable as the other. The price of gold is determined by its weight and its purity, not its form. You can buy gold jewelry or gold bars – both will net you the same profits if they are the same purity and weight.
While gold encompasses all forms of the metal and ways to trade in its market, including coins and bars, bullion includes the physical forms of other precious metals also traded, like silver and platinum.
Gold price of 24 karat in Australia
The current gold price of 24k 1Gram in Australia is A$91.63 (Australian dollar).
the largest 72kg gold nugget ever found (called the Welcome Stranger), today this nugget would be worth approximately $4.5M USD, discovered by two miners John Deason and Richard Oates on February 5, 1869, near Moliagul, in the state of Victoria, Australia.