Check out my fresh new course on building and growing an online audience — 25% OFF Today Only!

Additional menu

How Much Is a Gold Bar Worth?

December 10, 2022

The headlines are full of sock market volatility and economic uncertainty. Are you looking for a way to diversify your investment portfolio? Have you considered gold bars?

Gold bars are a traditional investment option to diversify your investments and protect against inflation. Before you invest, though, you may be wondering, “how much is a gold bar worth?”

Learn more about gold bars and how much a gold bar is worth.

How Much Is a Gold Bar Worth?

The value of a gold bar depends on several factors. The price depends on factors including:

  • Current spot price for gold
  • Premium
  • Type of gold bar
  • Size of the gold bar

Gold bars usually contain the most pure form of gold possible (99.999%).

Spot Price

The live price of gold on the international gold market is the spot price. Prices are often updated by the minute.

The spot price is typically given as the price of 1 troy ounce of gold. A troy ounce is slightly smaller than a standard ounce.

Gold prices vary based on many factors. For example, gold prices rise when the stock market falls. Investors look for a more stable investment and choose gold instead of stocks.

Gold Bar Premium

The premium on a gold bar affects the price you pay but not the value of the gold itself. The gold bar manufacturer adds a premium to cover production costs and other expenses. You can compare prices to find the best value for purchasing gold.

Types of Gold Bars

You can buy gold in several different forms. As their name suggests, gold bars are in the shape of a bar. The two main types of gold bars are cast and minted.

Cast Gold Bars

To make a cast gold bar, the manufacturer heats the metal until it melts. Then the liquid gold is poured into a mold. The metal cools and can be removed from the mold.

The process to make cast gold bars is simple. They are usually less expensive than minted gold bars. They have a rougher appearance, though.

Minted Gold Bars

Minted gold bars are a more popular choice for investors. The manufacturer produces a long strip of metal and then cuts it into precise lengths. Minted gold bars have a refined, cleaner appearance.

The production process for minted gold bars is complex. They’re more expensive because the premium is higher.

Demand is high, though. Selling minted bars when you want to profit from your investment is usually a rapid process.

Sizes of Gold Bars

Many sizes of gold bars are available. Gold bars are measured in grams or troy ounces. Standard sizes of gold bars include:

  • 1 oz
  • 10 oz
  • 1 g
  • 100 g
  • 1 kg

The 1 oz bar is probably the most popular choice for investors. The 1 oz size is convenient and it matches the standard spot price of gold. Calculating the value of your portfolio is simple.

The second most common choice is the 10 oz bar. It’s popular for governments and corporations in addition to individual investors. You’ll pay a lower premium for a 10 oz bar than for a 1 oz bar.

Buying Gold Bars

Now you know how to answer the question, “how much is a gold bar worth?” When you’re ready to take advantage of what gold can bring to your investment portfolio, turn to CMI Gold and Silver.

Buying gold bars is simple with CMI Gold and Silver. We’re the oldest bullion dealer in the US. We provide all the resources, training, and support you need to invest in gold bars.

Contact CMI Gold and Silver today to learn more about adding gold to your portfolio.

Related Posts