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What is the weight of a gold bar?
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.
What is the weight in pounds of 1000 ounce bar of silver?
A 1,000-ounce silver bar weighs 62.5 pounds since there are 16 ounces in a pound (1,000 ÷ 16 = 62.5).
How much is a bar of gold worth?
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.
How many grams is a gold TT BAR?
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.
How much is a 1 grain 24k gold bar worth?
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
