Since silver is measured in troy ounces, 1,000 troy ounces is equal to 68.57 pounds.
A standard gold bar weighs 400-troy-ounce, equivalent to 438.86 ounces or 12.444 Kg. This is the 'Good Delivery' bar that is held by banks and federal reserves. The gold bar generally used for investments is the 'kilobar' weighting 1 Kg. However, there is no standard 'gold bar' or 'ingot' as such, and they can be of any weight, though the above are the more common gold bars used in the financial sectors.
It depends on how many troy ounces the gold bar actually is. Most smaller bars are either 1 or 10 troy ounces.Look up the spot price of gold per troy ounce, multiply that by the number of ounces your gold bar is, add about 5% and that is what you should sell or buy your gold bar for. For example, the spot price for gold today was 1010 per ounce and I was selling bars for about 1040 per ounce.A lot of people have the misconception they can buy gold at the spot price but that's not true. Add about 3% for bars, 5% for bullion coins, and then add on shipping and insurance too.I'm sure people will still want to argue and insist on buying gold at the exact spot price but that's not practical. Oh sure, you might find someone hard up for money or a company running a special or bait and switch but if you want to buy from reputable company, expect to pay the additional percentages above.
A gold TT bar is a Ten Tola bar. A tola was a vedic measure that was equal to 100 ratti seeds. Currently a TT bar is equivalent to 116.64 grams.
1 troy ounce = 480 grains Monex.com shows current gold values so if we take today's value of : $1349 / 480 = $2.81 per grain
No, a standard gold bar at Fort Knox typically weighs about 400 troy ounces, which is roughly 27.5 pounds.
The 'standard' (London) bar weighs 400 troy ounces (12.4 kg or 438.9 ounces) . The standard gold bar held as gold reserves by central banks worldwide and traded among bullion dealers.
A gold bar must meet the standard conditions of manufacture, labeling, and record keeping. A gold bar is then measured by the scale of troy ounces to determine its value.
You can buy gold bullion in a number of different sizes. So it isn't really how many ounces are in a gold bullion it is how much gold bullion would you like to buy. If you need more information visit a website that i frequently look at http://www.dgse.com hope this helped!!
The 'standard' (London) bar weighs 400 troy ounces (12.4 kg or 438.9 ounces) . The standard gold bar held as gold reserves by central banks worldwide and traded among bullion dealers.
A standard bar of gold, also known as a gold bullion bar, typically weighs 1 kilogram or 32.15 troy ounces. However, gold bars can come in various sizes and weights depending on the manufacturer and type of gold bar.
The standard ingot or bar used by central banks and currency reserves (for example Fort Knox) is called a Good Delivery Bar and weighs 400 troy ounces. It should be remembered that a troy ounce is about 4 grams heavier than a standard or "avoirdupois" ounce. Some variation of weight is allowed.
Since silver is measured in troy ounces, 1,000 troy ounces is equal to 68.57 pounds.
A standard gold bar weighs 400-troy-ounce, equivalent to 438.86 ounces or 12.444 Kg. This is the 'Good Delivery' bar that is held by banks and federal reserves. The gold bar generally used for investments is the 'kilobar' weighting 1 Kg. However, there is no standard 'gold bar' or 'ingot' as such, and they can be of any weight, though the above are the more common gold bars used in the financial sectors.
gold weight 68.1 grains in avoirdupois equall in troy grains
You need to know the weight. A standard good bar in Fort Knox is about 400 troy ounces. About $1238 per oz. Today 1/3/14 For a bar it is $495,200.
Gold is priced by the ounce. A 50 pound block would be 600 ounces and would cost 600 times the one ounce price. (The reason it's 600 oz. is because gold -- and all precious metals -- are measured in Troy ounces, which are twelve to the pound.)