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This process often leads to malformed bars with uneven surfaces which, although imperfect, make each bar unique and easier to identify. Cast bars are created in a similar method to that of ingots, whereby molten gold is poured into a bar-shaped mold and left to solidify.
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Ī minted bar (left) and a cast bar (right)īased upon how they are manufactured, gold bars are categorized as having been cast or minted, with both differing in their appearance and price. Most kilobars are flat, although some investors, particularly in Europe, prefer the brick shape. The premium on these bars when traded is very low over the spot value of the gold, making it ideal for small transfers between banks and traders. The kilobar, which is 1,000 grams (32.15 troy ounces) in mass, and a 100 troy ounce gold bar are the bars that are more manageable and are used extensively for trading and investment. The standard gold bar held as gold reserves by central banks and traded among bullion dealers is the 400-troy-ounce (12.4-kilogram 438.9-ounce) Good Delivery gold bar. Smaller bars may be manufactured by minting or stamping from appropriately rolled gold sheets. Larger gold bars that are produced by pouring the molten metal into molds are called ingots. For other uses, see gold brick (disambiguation).Ī gold bar, also called gold bullion or gold ingot, is a quantity of refined metallic gold of any shape that is made by a bar producer meeting standard conditions of manufacture, labeling, and record keeping.
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