A Good Delivery Bar refers usually to the London Good Delivery, describing the physical characteristics of gold (and silver) bars. It is the accepted standard for gold bars. The London Good Delivery List is maintained by the London Bullion Market Association (LBMA).
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Troy Ounce Gold
A troy ounce is a measure for gold and other precious metals. It corresponds to 31,1034768 gram. Its abbreviation is “t oz”. Troy ounce only refer to the content of pure gold, excluding other materials. Thus, a 1 ounce gold coin weights slightly more, as physical gold always contains other metals.
Tola Gold Bars
One tola corresponds to 0.375 ounce (11.1g). This unit of weight originates from the Indian subcontinent. It was standardized in 1833 by the British as 180 troy grains or exactly 3/8 troy ounce. However, the tola was in use much longer.
Tael Gold Bars
One tael equals 1.20337 troy ounces (37.4290g). Centers for gold trading in tael bars are Hong Kong and Taiwan. 1. The gold is mostly traded in 5 and 10 tael. A basic tael gold contract consists of 100 tael, combined of 5 times 20 tael bars. A tael was a Chinese currency unit and measurement for silver. Its exact weight varied in place and time.
Fineness of Gold
Fineness, or purity, refers to the gold content in bars, coins or jewelry. Also known as Millesimal fineness, it is indicated in 1000 parts of the whole weight. Bullion gold coins have commonly a fineness of .999 (e.g. George the Victorious) and .9999 (e.g. Maple Leaf). The gold market accepts gold bars only up to a purity of .9999 (four nines).
Gold Bar Weights
Gold bars have a standard weight ranging usually from 1 gram to 1 kilo (1000 gram). The 400 ounce (12.44kg) gold bar is mostly traded between central banks and international institutions. The biggest gold bar has a weight of 250kg.
The unit of measurement for gold bars is gram, or kilo (1000 gram). To a lesser extend, also ounce (31.10g), tael (37.32g, 1.2oz) and tola (11.66g or 0.38oz).
50 Gram Gold Bar
The National Indian Bullion Refinery (NIBR) produced this 50 gram gold bar with a fineness of 99.5. It has a weight of 1.61 troy ounces. NIBR’s annual refining capacity stands at 25 tonnes of gold and 300 tonnes of silver.
1 Kilo Gold Bar
This 1 kilo gold bar is 1000 gram, or 32.15 ounce. The kilobar has a purity of 999.9 (99.99%). It was refined by the Royal Canadian Mint which produces Canada’s money and the highly popular Maple Leaf gold coin.
5 Tael Gold Bar
The 5 tael gold bar is produced with a fineness of 999.9. This unit of measurement has been in use in East and South East Asia. Most commonly the tael weight refers to the Chinese system, where it was a currency and weight system. Even though taels vary in weight, gold bars with a tael weight correspond to arround 1.2 ounces per tael. Therefore, this tael gold bar on the picture has a weight of 6 ounces, or 187 gram.
10 Tola Gold Bar
The picture shows a 10 tola gold bar.
The traditional Indian unit of measurement tola is equal to 11.66 gram or 0.375 troy ounces. Thus, 10 tola corresponds to 116.6 gram, 3.750 fine ounce. Typical weights of this measurement are 1, 3, 5 and 10 tola, where the 10 tola bar is the most popular weight.
The Singaporean branch of Degussa is the refiner of this gold bar. Degussa stands for “Deutsche Gold- und Silber-Scheideanstalt” (German Gold and Silver Separation Factory). The history of Degussa started in 1847 when Friedrich Ernst Roessler founded a refining plant in Frankfurt, Germany. Since 2006, Degussa belongs to Evonik Industries AG, Germany.
1 Tola Gold Bar
The 1 tola gold bar is made of fine gold (999.9). This gold bar was produced by Emirates Gold, a Dubai-based refiner. The company was established 12 years ago and is the major gold importer in Dubai.
A tola is an old Indian unit of measurement. 1 tola corresponds to 0.375 troy ounces, or 11.66 gram.
250 Gram Gold Bar
The 250 gram gold bar shown on the picture is made of fine gold (999.9). The gold bar was produced for the London-based Baird & Co Bullion Merchants. This company was founded in 1968 as a dealer in gold and numismatic coins.
1 Ounce Gold Bar
The 1 ounce fine gold bar, shown in the picture, is produced by the Sunshine Mint for APMEX, a major US precious metal dealer.
10 Gram Gold Bar
This 10 Gram Gold Bar weights around a third of an ounce and is made of 999.9 gold, or fine gold. The producer is Sunshine Minting. This US based company produces gold and silver coins. It is the primary supplier of silver blanks to the United States Mint.
2 Gram Gold Bar
This 2 gram gold bar has a gold content of 99.99%, or 9999 fineness. The gold bar was produced by the Perth Mint, Australia.
The Perth Mint was set up in 1899 as a branch of the British Royal Mint. In 1970 the ownership passed to the Australian Government. The Perth Mint is one of two remaining Australian mints.
100 Gram Gold Bar
The picture shows a 100 gram gold bar which is around 3.2 fine ounce. The gold bar has a fineness of 999.9 and was produced by Credit Suisse, SA, Switzerland for Johnson Matthey.
Johnson Matthey is an English speciality chemical company that was founded in London in 1817 by the gold assayer Percival Norton Johnson. Today Johnson Matthey has 9,000 employees and operates in more than 30 countries.
2.5 Gram Gold Bar
The picture shows a 2.5 gram gold bar which is around 0.08 fine ounce. The gold bar has a fineness of 999.9 (fine gold) and was produced by PAMP SA (Produits Artistiques Métaux Précieux), Switzerland.
The company was founded in 1984 and has a refining capacity of more than 450 tonnes per year. PAMP produces good delivery bars and is one of the world’s leading refiners of precious metals.
500 Gram Gold Bar
The picture shows a 500 gram gold bar which is around 16 fine ounce. The gold bar has a fineness of 999.9 and was produced by Valcambi SA, Switzerland.
This Swiss Refinery was founded in 1961 and belongs to the European Gold Refineries Holding SA (“EGR”) which is equally owned by the original Valcambi founders and Newmont Mining Corporation.
5 Gram Gold Bar
A 5 gram gold bar from Credit Suisse with a fineness of 999.9. This fine gold bullion was produced in Switzerland.
1 Gram Gold Bar
This 1 gram gold bar is produced by the Istanbul Gold Refinery, IAR, with a fineness of 999.9. The 1 gram gold bar has a length of 8.5mm and a width of 15mm and is 0.03215 troy ounce.
