The London Good Delivery Bar (see picture) weights around 12.5 kilo gram, or 400 troy ounces). It is produced according to the specifications of the London Bullion Market Association (LBMA). The London Good Delivery Gold Bars have a minium fineness of 995.0, contain the serial number, refiner’s hallmark, fineness and the production year. Futher, their gold content can vary between 350 ounce and 430 ounce. Its dimensions are 210 – 290mm (length) x 55 – 95mm (width top) x 25 – 45mm (height).
London Good Delivery Gold Bars are usually by central banks and international organizations and in the main international trading markets.
Picture credit, cc license: wikipedia user Szaaman
This is a picture of a 1 kilo gold bar (1000 gram, or 32.15 fine ounce) also known as kilobar. The gold bar was cast by the Union Bank of Switzerland (UBS). It has a a fineness of 999.9. The kilo gold bar’s dimensions are around 80mm x 40mm x 18mm, or 3.15in x 1.57in x 0.71in. (gold key removed)
The world largest gold bar weights 250 kg (551.150lb).
The gold bars value is $13,224,000, based on US1,500/ounce. It was produced by Mitsubishi Materials Corporation on 11 June 2005 at the Naoshima Smelter & Refinery in the Kagawa Prefecture, Japan. The picture is from 11. July 2005. At this day, the gold bar was shown to the public at the Toi Gold Mine, Japan. It has even been recognized by the Guinness Books of World Records as the largest gold bar.
Gold bar Picture Credit, cc license: wikimedia user PHGCOM
A 400 ounce, 12.5kg, gold bar (see picture) is a gold bar following the standards of the London Bullion Market Association (LBMA). This gold bar is the standard size traded by central banks and international exchanges.
The LBMA good delivery list is a de facto standard for the quality of gold. Besides the requirements for the 400 ounce gold bar itself (size, weight, markings, fineness), good delivery gold bars can only be produced by refiners meeting certain criteria. These refer to the refiners’ experience, annual production, size and ownership transparency.
Picture credit, cc license: flicker user Curtis Gregory Perry