Despite arguments favoring other forms of gold, such as coins, pocket-size ingots enjoy an extraordinary appeal for investors, and this preference holds significant weight in the marketplace. The introduction of the one kilo gold bullion bars and its high position in the marketplace was simply established over time through dispersed investor demand.
How much does a kilo gold bar weigh?
Kilobars weigh 32.15 oz, simply put. A kilo gold bar is precisely 1,000 grams (a “kilogram”) of pure gold. In the troy measurement system, 1,000 grams equals 32.1507466 ounces troy. And, the true physical weight of the nearly pure gold kilobar is slightly more by an amount depending on the kilobar’s fineness. Note that 99.5 fine kilobars should weigh more than 99.99 fine kilobars. Explained below.
How to Weigh Gold Kilobars
More precisely, the physical weight of a gold kilobar is 1,000 grams plus the weight of the alloy metals. By weight, that means that even the extraordinarily pure 99.99 fine kilos of gold weigh a fraction of a gram more than a kilogram.
To accurately weigh a kilo bar of gold, use a quality digital scale that can accommodate at least 2.2 pounds. You will want accuracy to +/- .1 gram. Power the scale and zero the digital reader, generally by pressing a TARE button. Remove all wrapping to get an accurate measurement. Gently place the kilobar on the scale, and make a note of your reading.
Generally, alloys used for gold bullion bars are copper, nickel, silver and zinc. For the most part, the metal alloys are about half the weight of gold for a given cubic inch of volume. In other words, a 99.9 fine Kilobar is 999 parts gold and 1 part non-gold metal alloy. One part alloy is about half the weight of 1 part of gold. The chart below indicates what the theoretical physical weight of each Kilobar should be, depending on purity fineness. Don’t panic if you get a different reading. If so, chances are that the scale is not calibrated sufficiently or some other factor is askew, and not the bar’s gold content.
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Weight Measurement Systems and Gold Kilobars by Fineness
Modern Standardization and the Kilo Gold Bar
Driven by two specific challenges in the modern financial and international trading systems, the one kilo gold bar emerged in the late 20th century. The first challenge was the need for an efficient way to trade and store larger quantities of gold. The second challenge was the desire for a standardized unit that could be easily traded on a global scale. The metric system, with the kilogram as a standard unit, fit these requirements, leading to the development and acceptance of the one kilo gold bar in the global gold market.
Every 1 Kilo Gold Bar consists of 1000 grams, or 32.15 troy ounces, of .9999 fine gold. Among the purest gold bullion bars available to investors today, each certified kilo gold bar is stamped with the manufacturer’s hallmark, weight, and content.
Widely Recognized Commercial and Sovereign Purpose 400 oz Gold Bars
For commercial use, sovereign reserves and international settlements, the most popular size gold bar is the 400-ounce bar. These large-format gold bars were found to be popular and efficient for both handling and stacking in large commercial and sovereign government use. Four hundred troy ounces of pure gold is compact, fairly flat and portable, weighing about 12.5 kilograms or 27.5 pounds. This commonly accepted standard size became an established weight and measure for significant needs in the mid to late 1800s. Although there was a popular 275 ounce “medium” size bar in favor early on, it lost out to the 400 oz bar, and few examples of the medium-sized gold bar survive today.
Wrap-Up
The beauty of the gold marketplace today is its diversity in refining, design, production, distribution and marketing. The physical gold market is widely international and arguably the most free market in the world. Measured in terms of liquidity, physical gold is second to none. It exemplifies the economic grandeur of evolutionary natural selection. Without concerted planning or government pronouncement, the free market has spontaneously generated a product that individual small investors willingly purchase—pure 99.99% gold bars, complete with preferred hallmarks and packaging.
For more information about how to invest in the remarkable Kilo Gold Bullion Bars with Monex, contact one of our knowledgeable Account Representatives today.