Description
Product Description
Several factors can influence how much a gold bar is worth, namely the following:
- Gold Spot Price: this is the wholesale price at which 400 oz Gold Bars (London Good Delivery Bars) are traded between banks in international markets. Typically, private investors will pay a premium over the spot price. It takes less time and effort to produce bars, which is why they tend to have a smaller premium than gold coins, and gold dealers generally charge lower premiums for larger bars.
- Gold Content: According to the London Good Delivery List, administered by the London Bullion Market Association (LBMA), investment-grade gold bars must have a minimum fineness of 995.0 parts of fine gold per thousand. Therefore, the higher the gold content, the higher the worth of the gold bullion bar.
- Investor Demand: As mentioned above, the purest bars are the most sought after and can command a higher premium. Imbalances between supply and demand can influence the premiums at which gold bars trade.
- Weight: the worth of a gold bar will always be influenced by its weight. The more it weighs, the more it’s worth.
Reviews
There are no reviews yet.