The value of a gold bar depends on its weight, purity, and the current spot price of gold. The most common gold bar size is the 1-kilogram gold bar, which is currently worth around $59,410. However, gold bars come in many different sizes, ranging from 1 gram to 400 ounces. The smaller the bar, the higher the premium on the spot price per ounce. Here are some examples of the prices of common gold bar sizes as of June 9, 2022:
- 1-gram (0.032 oz t): $59.41
- 5-gram (0.161 oz t): $297.05
- 10-gram (0.322 oz t): $594.10
- 1-ounce (0.91 oz t): $1,847.87
- 100-gram (3.22 oz t): $5,941
- 1-kilogram (32.15 oz t): $59,410
Its worth noting that the spot price of gold is typically lower than the actual cost of a gold bar, as most companies that sell gold bullion bars add a premium to the current price. Therefore, it could be worth comparing multiple dealers or exchanges to find lower premiums on the gold youre interested in.
