Table of Contents Different Types of Gold Bars by Weight How Heavy is Gold? How Does Someone Invest in Gold? Frequently Asked Questions Keywords Article Summary: Although gold bars come in different sizes, a “standard” gold bar weighs about 28 pounds or 400 Troy ounces
However, the weight also depends on how the gold bar is made: cast or struck
Cast bars tend to be cheaper and do not have the same purity standards as struck gold bars Gold has been used in trade for centuries
After the introduction of international standards and national gold warehouses, the way gold bars are produced, stored and traded has changed significantly
Gold’s yellowish glowing luster makes it an attractive metal for use in jewelry, and its corrosion resistance makes it an exceptional metal for long-lasting electronics Many people know this precious metal because of the gold bars shown in the movies
Is there such a thing as a regular gold bar?
If so, how much do regular gold bars weigh?
This article looks at the manufacturing process of different types of gold bars today, the different international standards that govern the gold market, and what gold bars weigh in different sizes Compare brokerage services Compare several verified service providers
Compare Brokerages Different types of gold bars Depending on the manufacturing process, gold bars are generally classified into two types: cast gold bars (or bricks) and struck gold bars
These two types of gold bars have different properties and varying price ranges due to manufacturing techniques and the quality of the final product Understanding the differences in manufacturing processes can also help you understand how the weight of gold bars can vary slightly depending on how they are manufactured
Here is a brief description of how both cast and struck gold bars are made Cast Gold Brick The first step in making a cast gold bar or brick is to make a mold for the molten metal to be poured into
The mold helps ensure that the gold bars to be formed are produced to the standard shape, size and approximate weight
Next, the gold is liquefied by heating the precious metal to at least 1,948 degrees Fahrenheit and poured into a mold
After it has cooled, it is removed from the mold and is usually stamped with the manufacturer’s serial number Cast bars tend to look more natural than other manufactured gold bars and usually have unique characteristics that can help identify and differentiate bars
At the same time, the manufacturing process makes the exact weight somewhat approximate Cast Gold Bars Mined gold bars, which are generally preferred by investors, are more common than cast bars
The manufacturing process for this radiant-looking, pristine bar is more time-consuming and therefore usually more expensive than gold ingots Because forged bars are made to exact dimensions, the weights are more accurate
If there are imperfections or deformities, the bar is reworked until the imperfections are completely gone Bars by Weight When you imagine a gold bar, many people imagine it to be about the size of a brick, as is often shown on TV or in movies
In reality, gold bars come in many different sizes and weights because the metal is bullion (bulk gold before minting, also called bullion) Each market area (eg COMEX in New York, SGE in Shanghai, TOCOM in Tokyo) has its own rules and regulations for receiving gold bars
Thus, a gold bar accepted by one exchange may be rejected by another, and may vary slightly in size or quality depending on the market area from which it was purchased The following are descriptions of the most common gold bar weights
Some bars can even be compared to everyday objects to better understand what each one weighs
Gold bars can be very small in size
A 20 gram gold bar, only slightly larger, weighs about the same as an AA battery
If you were to buy a medium-sized 16 troy ounce gold bar, you have bought a gold bar that weighs about the same as an egg
A slightly larger medium ten-ounce bar weighs about the same as a grapefruit
The larger gold bars weigh about 400 troy ounces, or about 28 pounds, which is about the weight of an average mountain bike What does the world’s largest gold bar weigh? The world’s largest gold bar was recognized in the Guinness Book of Records in 2005
A gold bar manufactured by Mitsubishi Materials Corporation weighs 250 kg or 551 lb
This gold bar weighs more than the average male Siberian tiger
(Source) Standard Gold Bar (aka
“Good Delivery” Gold Bars) Standard Gold Bars, also known as “Good Delivery” Gold Bars, are the names used for an internationally accepted trade standard
This standard is regulated by the London Bullion Market Association (LBMA) and is in conjunction with its own published standards called the Global Precious Metals Code (GPMC) and the Good Delivery Rules (GDR)
(Source) This gold bullion grade weighs 400 Troy ounces and is internationally recognized as the standard gold bullion by many countries
(Source) Kilo bars One kilo gold bars (also called gold kilo bars) are the most internationally produced and sold gold bars
Since one kilo bars are smaller than regular gold bars, the price per bar is significantly lower
This makes these bars more popular among institutional and private investors as well as jewelry manufacturers and other industries According to the International Organization for Standardization (ISO) standard 24018:2020, the minimum mass of each kilobar is 1,00000 kilograms and the maximum weight mass 100010 kg
(Source) How heavy is gold? Technically, the atomic weight of gold is 196967 g/moL (this represents the molar mass, or the approximate weight of one atom)
Pure gold is 193 times denser than water and weighs about 160 pounds per gallon
(Source) What are Trojan Horses? You’ve probably noticed the description “Trojan ounces” throughout the article
A troy ounce is a special unit of measurement used to determine the weight of precious metals
This is a different unit of measurement than the standard system of measuring fluid or dry ounces that we use in everyday life According to the United States Mint, each Fort Knox gold bar weighs about 400 troy ounces, or 275 pounds
A troy ounce is about 10% heavier than an avoirdupois ounce (or standard US ounce) and is the standard measurement for most precious metals
(Source) How does one invest in gold? Investing in gold becomes very popular when the stock market becomes volatile
A common way many people invest in gold is by buying gold bars
These investors also invest in gold through exchange-traded funds or sometimes buy shares of gold mining companies
You can also invest in other precious metals in this way If you want to start investing in gold, you can contact one of the investment advisors below Frequently Asked Questions How much does gold cost? The price of gold (or spot value) fluctuates regularly, but in September 2022 Gold COMEX prices were 1,70910 dollars per troy ounce
(Source) How much does a 24-karat gold bar weigh? When it comes to gold, carats (also spelled carats) measure how pure the gold is, not how much it weighs
Therefore, without the size of the gold bar, it is impossible to say how much a 24 carat gold bar weighs
(Source) How much is a gold bar worth today? Depending on the size of the bar and the current market value (since the price of gold fluctuates), you can expect to range from $1,700 a bar for a small troy ounce to over $700,000 a bar for larger standard bars
More on gold bar prices here Key Takeaways Gold bars are available in a variety of different weights, purity and sizes
There are two main methods of manufacturing gold bars: casting and striking
The weight of a gold bar is measured in troy ounces
The approximate weight of a standard gold bar is 400 troy ounces or 274 pounds See article sources at Good Delivery – London Bullion Market Association Precious Metal Investments – Arizona Corporation Commission Consumer Alert: Tips to Avoid Investments, Bullion Products and Bullion Scams – Minnesota Department of Commerce’s Fort Knox Bullion Depository – US Mint How to Invest in Copper in 3 Steps – SuperMoney’s Cryptocurrency vs Gold: Which is the best inflation hedge?