Everyone has seen those long, rectangular gold bars in the movies. But did you ever wonder how much they weigh? It depends – there are now many different sizes of gold bars, and the big ones shown in films are just one of many.
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The gold bars we see in the movies weigh 400 Troy ounces, which is about 27.4 pounds. These bars are known as Good Delivery bars. But gold bars come in many sizes and the standard trading size may vary depending on location.
This bar was minted by the Mitsubishi Materials Corporation in 2005 and is on display in Japan at the Toi Gold Museum in the city of Izu, Shizuoka. It measures 17.9 inches by 8.9 inches by 6.7 inches and has held the Guinness World Record for the largest gold bar since 2005.
Worth about 12 million US dollars, the bar isn’t available for sale but can be viewed at the Gold Museum.
Cast or Minted
Gold bars come in both cast and minted forms, with the cast bars being slightly irregular but more commonly purchased by investors, as they may be slightly cheaper. The cast bars are made by pouring gold into a mold.
Minted gold bars are nicer looking and a more popular buying option. These bars are made by cutting long bars of gold into the correct size and shape.
All gold bars are stamped with their weight and purity. Gold purity ranges from 0.995 parts pure gold to 0.999 parts pure gold.
The Good Delivery gold bar has long been the standard gold bar for trading in the past few centuries, but some countries prefer to trade in different sizes of bars.
In China, the standard is the 1 kg gold bar and is one of the most widely traded gold bars worldwide.
India prefers to trade in a Tola bar, which weighs 3.75 ounces.
In Thailand, 10 Baht gold bars are the most common and are equal to 152.44 grams.
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So, how much does a gold bar weigh?
As you can see, gold bars come in a variety of weights, sizes, and shapes. If you’re interested in purchasing gold, it’s important to know what type of gold bar you are interested in, as their weight and value vary widely.