Good Delivery Gold Bar Weight

Gold bullion bar storage.

Good delivery gold bar weight.

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. 70 mm 15 mm undercut. The internationally accredited standard dictates it must weigh between 350 and 430 ounces. Specifications for good delivery bars.

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. 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. Gold bars weights are highly variant and often are not even homogenous nor fully fungible. A standard gold bar measures 7 x 3 5 8 x 1 3 4 inches according to the united states mint.

It weights about 400 ounces or 25 pounds. Each bar is marked with the fineness the year of production the serial number and the refiner s assay stamp. The recommended dimensions for a good delivery gold bar are approximately as follows. 250 mm 40 mm undercut range.

5 25 degrees width top. London good delivery gold bars c. Kitco offers you global gold storage options that are fully segregated insured and allocated. Here we examine changing gold bar weight standards.

The standard gold bar that s held and traded internationally by central banks and bullion dealers is known as the good delivery bar. 35 mm 10 mm. 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.

384 0 oz and 430 ozt 13 4 kg. 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. 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. 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.