Gold By Weight

How Much is a Gold Bar Worth?

Gold bars are refined Gold of any shape made by a recognized Gold producer, which has product that meets manufacturing, labeling and record keeping standards. Gold Bullion bars are produced in two ways – larger Gold bars are made by pouring molten Gold into molds that are called ingots. Smaller bars, like a 10 gram Gold bar, are minted or stamped from rolled Gold sheets. Gold bars, including the 1 oz Gold bar, are measured in grams or troy ounces, which is slightly heavier than the standard avoirdupois ounce.

Gold Bars for Sale

Gold bars, including the 1 oz Gold bar and other Gold bars in different weights, are sold at what is known as the premium price. The premium price includes any dealer markup, costs of fabrication and distribution, and any numismatic or collector value added to the base price, known as the Gold spot price. Another factor: Typically larger Gold bullion bars, like a 10 oz Gold bar, have a lower premium per troy ounce than smaller Gold bars, like 1/2 oz Gold bars. The lighter Gold bars, like the 10 gram Gold bar, have a higher premium price per ounce but are easier to buy more regularly if you are on a tight budget. So when selecting Gold bars, decide what strategy works best for you: buying smaller Gold bars every month or buying larger Gold bars at longer intervals.

What Happens After I Purchase a Bar of Gold?

Once Gold bars are purchased, you have a few more decisions to make. Gold bullion bars are easy to stack, for just another reason to buy Precious Metal bullion bars, making them easy to store at home. But when 1 oz Gold bars and other bullion in your collection hits a certain amount, you may want to find another storage solution. Consider storing Gold bar bullion and other Precious Metal assets at Citadel Global Depository Services, Inc., a wholly-owned subsidiary of APMEX that provides maximum security storage. Securely store Gold bars of all sizes at this private storage facility that is managed by world-leading security company, Brink’s.

On Gold bars of all sizes from APMEX, from a 10 Gram Gold bar to a 100 gram Gold bar, you will find printed the name of the manufacturer, the exact weight and the purity. When purchasing Gold bullion bars from APMEX, you are assured of quality, with only recognized and widely-traded brands like Engelhard, Johnson Matthey, Credit Suisse and PAMP Suisse being sold. For the condition of 100 gram Gold bars in the secondary market, look for normal wear and tear, but unlike numismatic coins, the aesthetic appearance is not the primary concern. It is the Gold content. Physical Gold, whether in a 5 oz Gold bar or a 1 oz Gold coin, is considered worth holding no matter what format or size you choose, because it has a universal value recognized and held by most central banks.

Gold by Weight FAQ

How does a Gold Price Calculator Work?

A Gold price calculator works by taking several fundamental values entered by the user and estimating the current market price for the unit of Gold described. The values required typically include the weight, gold purity or karats, the type of product, and a unit of currency. There are limitations to using Gold price calculators because any discrepancy in the values added to the fields will yield an incorrect result. For example, if an owner believes a piece of jewelry is made from 24 karat Gold but was really made with 14 karats, the estimation will be highly inaccurate. Because of this limitation, APMEX recommends using current spot prices to determine a potential range of value, but then letting our team of experts decide how much your Gold is worth. This process eliminates the risk of data entry errors or incorrect equations.

How do I figure out Gold prices by weight?

You can quickly determine Gold prices by weight using a finely tuned scale and unit conversion chart. With the right resources, you can convert the current spot price Gold into any unit of measure for comparison. For example, if you want to calculate the current price for 2 grams of Gold, you can use a unit conversion chart to see that one troy ounce equals 31.1035 grams. Take the current spot price for 1 ounce, and divide by 15.55175 to learn the estimated cost of 2 grams. While this means of figuring the price of Gold by weight is useful for estimates, many factors influence what a piece of Gold is worth on the market. It is essential to consult a professional Precious Metals dealer to help you with any final figures. APMEX publishes full details about every product we carry, so you do not need to figure a price or do any math before making a purchase. The weight, size, purity, and current Gold prices are right on the page.

What are the standard Gold weight measurements?

The Troy system and the Metric system are the two standard Gold weight measurements. Common units you may see in the Troy system are grains, pennyweight, and troy ounces. Units of measure within the Metric system are much more well known and include grams, kilograms, grams, and milligrams. There are many charts available to convert units of measurement and determine the weight of the Gold product you are considering for purchase. It is important to note that some beginners confuse the units “gram” and “grain” when comparing different pieces of Gold, so it is important to always check the weight details of a coin, round, or bar, carefully confirming which standard measurement system is in use.