Good Delivery Gold Bar Weight

Here we examine changing gold bar weight standards.

Good delivery gold bar weight.

Gold bullion bar storage. 384 0 oz and 430 ozt 13 4 kg. It weights about 400 ounces or 25 pounds. The recommended dimensions for a good delivery gold bar are approximately as follows.

You can buy 400 oz gold bars all of which are named on the lbma s good delivery list safely and securely with kitco allocated storage. 400 troy ounce or 400 oz are investment grade gold bullion bars weighing close to 400 troy ounces or 12 4 kilograms. Specifications for good delivery bars. Cheapest of all in contrast are the 400 ounce 12 4kg good delivery gold bars held by central banks and traded by professional bullion dealers in london center of the world s 24 hour gold market.

5 25 degrees width top. Kitco offers you global gold storage options that are fully segregated insured and allocated. London good delivery gold bars c. Good delivery bars is the internationally accepted trading standard used by gold dealers traders and bullion banks around the world to trade and deal in gold and silver.

The internationally accredited standard dictates it must weigh between 350 and 430 ounces. 35 mm 10 mm. Gold bars weights are highly variant and often are not even homogenous nor fully fungible. London good delivery gold bars do not weigh exactly 400 troy ounces rather they range from 350 troy ounces to 430 troy ounces however buyers only pay for the exact amount of troy ounces in the bar they purchase.

A standard gold bar measures 7 x 3 5 8 x 1 3 4 inches according to the united states mint. It typically weighs in at 400 troy ounces 27 5 pounds and measures 7 inches x 3 and 5 8 inches x 1 and 3 4 inches however dimensions and weights can vary between different institutions and uses. 438 9 oz nominal weight. The super size is worth more than 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.

In other words often the largest gold bar weights are not exact and therefore cannot be traded without adequate record keeping weighing and assaying. However its precise gold content is permitted to vary between 350 ozt 10 9 kg. 70 mm 15 mm undercut. Good delivery gold bar weighing 12 4 kilograms 400 ozt good delivery silver bar weighing 31 1 kilograms 1 000 ozt the good delivery specification is a set of rules issued by the london bullion market association lbma describing the physical characteristics of gold and silver bars used in settlement in the wholesale london bullion market.