Gold bar

Types

Gold bars are classified based on their production process into cast or minted forms, each differing in their appearance and market value. Cast bars, similar to ingots, are formed by pouring molten gold into a mold shaped like a bar, then allowing it to cool and solidify. This method often results in bars with irregular shapes and uneven surfaces, granting each bar a unique identity and making them easily recognizable. Due to their relatively simple production process and minimal handling, cast bars are generally less expensive than their minted counterparts.

Minted bars are made from gold blanks, which are precisely cut from a flat gold sheet to achieve the desired dimensions. These bars are characterized by their smooth and uniform surfaces, reflecting a more refined and labor-intensive manufacturing process.

Security features

Manufacturers have developed measures to ensure the authenticity of gold bars and to protect them against counterfeiting or theft. The most prevalent method involves marking bars with unique registered serial numbers or issuing a certificate of authenticity. Some refineries emboss even the smallest bars with serial numbers, which should correspond with the numbers on their associated certificates.

In contrast to cast bars, which may be handled directly, minted bars are typically enclosed in protective packaging or equipped with tamper-evident technology to deter tampering and prevent damage. Additionally, a security feature known as a Kinegram, a type of hologram, can be embossed directly onto a gold bar. Bars containing this feature are referred to as Kinebars. File:Kinebar3.jpg|1 oz diffractive kinebar File:Gold Ingot 100g Perth Mint.JPG|Bar in protective casing

Standard bar weight units

Gold is measured in troy ounces, often simply referred to as ounces when the reference to gold is evident. 1 ozt. The troy ounce is heavier than the avoirdupois ounce, a commonly used unit for measuring weight in the United States customary system.

The standard gold bar held and traded internationally by central banks and bullion dealers is the Good Delivery bar with a 400 ozt nominal weight. However, its precise gold content is permitted to vary between 350 ozt and 430 ozt. The minimum purity required is 995 ‰ gold. These bars must be stored in recognized and secure gold bullion vaults to maintain their quality status of Good Delivery. The recorded provenance of this bar assures integrity and maximum resale value.

• One tonne = 1,000 kilograms = 32,150.746 troy ounces.
• One kilogram = 1,000 grams = 32.15074656 troy ounces.
• One tola = 11.6638038 grams = 0.375 troy ounces.
• One tael = 50 grams.This is the official rate of taels in mainland China since the country implemented the metric system. In Taiwan and Hong Kong, a tael is equivalent to 37.429 g.

Manufacturers

Largest gold bar

The largest bar of gold weighed 300.12 kg (661 lb 10 oz) and was made by Emirates Minting Factory LLC (UAE), in Dubai, United Arab Emirates, on 10 November 2024.

Notes

References

References

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