;
Close Filters

Gold Ingot

The gold ingot is a standardised form of gold that is created by the mould during melting. The liquid gold is poured into the bar-shaped moulds and can be removed as a solid gold bar after hardening. On the gold bar is the most important information about the gold it is made of. This information usually consists of: the fineness of the gold, the manufacturer's mark, the serial number and the year of production. For a gold bar to be a standard bar for international trade, it must have a fineness of at least 995/1000 and weigh 400 troy ounces. That is 12.44 kg rounded up, because it is allowed to vary within a range of 350 to 430 ounces. The reason for the form of gold as a bar is simply that it is easier to transport and store. Besides the international standard bars, there are also other gold bars in sizes of 1 gram, 2 grams, 2.5 grams, 5 grams and many other units for individual gold purchases. Today, both coins and bars of gold are collector's items for numismatists as well as store of value for investors.

Linked Stories: