If you are trying to learn the current gold bar price it’s probably because you want to make an investment. In order for you to do that successfully, you need to understand the different kinds of bars used throughout the world. It can have a dramatic impact on whether or not you’re able to actually invest in this fail-safe market.
Bullion Gold Bar Price Ranges
Typically gold bars will be sold as bullion formed into standard 1oz bars. There are several other options, though, including the 10oz bar and the kilo bar, which weighs 32.15 oz. Prices change daily but remain rather consistent barring any economic crises or scares. This makes gold a relatively stable investment option.
As of December 2nd, 2012 common gold bar price ranges stretched from $1,731 to $1,831. These prices do not include any brokerage fees you may be charged. Those can vary drastically, so spend some time shopping around for the best rates.
You can also purchase gold as coins, including the Austrian Philharmonic, U.S. Gold Eagle, Canadian Maple Leaf, South African Krugerrand, American Buffalo, and the Australian Kangaroo. Each of these weighs approximately 1oz and share similar costs to the gold bar price range indicated above.
The Highest Gold Bar Price Possible
Your average bar weighs one ounce, but there are others that range in weight from 2oz to 8,816 oz. You won’t be able to get your hands on that large of a bar, though, as only one has ever been produced. It is on display at the Toi gold mine in the Izu Peninsula in Japan.
At today’s expected gold bar price it would cost over sixteen million dollars. That wouldn’t be taking into account the premium it would garner for being the world’s largest gold bar. Spend some time researching the average gold bar price each day to be sure you get the best investment you can.