answersLogoWhite

0

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.

User Avatar

Wiki User

15y ago

What else can I help you with?

Related Questions

How much is a 2 pound gold bar worth?

a lot


How much is a kilo bar of gold worth?

5kg of .9999 gold at 1500/oz[troy] is worth approx. $239,976.


How much is a gold bar worth in runescape?

about 100 to 200 coins


How much is a 5 kilo bar of gold worth?

5kg of .9999 gold at 1500/oz[troy] is worth approx. $239,976.


How much are 50 grams of 24k gold worth?

How much are 50 grams bar 24k gold Read more:


How much would a gold clad bar be worth?

what is a one troy ounce


How much does a gold bar weigh and how much is it worth?

Any gold bars sold on the market should be stamped with its weight and purity.


How much is a 12.5 kg pure Ghanaian gold bar worth?

26.46 pounds


How much is a 10lb bar of gold worth?

Right now, approximately $152,424 US dollars.


How much is 10 grams 9999 fine gold bar worth in gbp?

363 gbp


How Much Does A Gold (Au) Bar Weigh And How Much Is It Worth?

A standard gold bar, known as a Good Delivery bar, typically weighs about 400 troy ounces, which is approximately 12.4 kilograms (or 27.4 pounds). The value of a gold bar fluctuates based on the current market price of gold, which can vary daily; as of October 2023, gold prices are generally around $1,800 to $2,000 per troy ounce. Therefore, a 400-ounce gold bar could be worth between $720,000 and $800,000, depending on the market conditions.


How much money is a gold bar usually worth?

Gold's worth in monitary value, is dependent upon the stocks of the country that have gold. If companies lose money, gold value decreases, so be a smart invester.