How much is a gold bar worth?
When we speak about the value of gold bars we speak about weight and purity. You may know that most gold bars are made of 99.9% pure gold but there are also gold bars with a lower purity such as 99.5%, 99.2%, or 99.0%. Such gold bars aren’t as valuable as LBMA Good Delivery gold bars which have a gold purity of at least 995.0 parts per thousand parts in total. In addition this bars also have to be marked with a serial number, the refiner’s assay stamp, the purity and the year of manufacture. Generally, gold is gold but investors prefer buying LBMA certified bars what entails that most gold bars with a lower purity will be melted down.
The value of a gold bar is calculated by the weight stated on the gold bar. That makes it easy for consumers to find out how much their gold bar is worth. Just look for the weight of your gold bar. Below we’ve listed the current value of gold bars. If you have gold bars with a weight that is not listed below, please use a gold calculator and make a pre-calculation of our purchase price by yourself.
Our up-to-date Purchase Prices for your Gold Bars:
|mass/ weight||How much is this gold bar worth?|
|10 Tolas = 3.75 oz||$5572.66|
How much is my gold bar worth tomorrow?
To be honest, nobody knows how much your gold bar is worth tomorrow. There are so many price-building factors starting by the development of the economy and ending by remaining deposits of gold in mines. Even job market data reports or economic view reports can affect the price of gold bars. Hypothetically your troy ounce could be worth up to 5% plus or minus by tomorrow but that would be very unusual. Normally, the value of gold bars changes in a range of plus/minus 1 or 2 percent a day depending on the current gold price situation.
The listed prices are a guide line if you think about selling. Calculate that a reliable gold buyer will deduct between 5% and 10% from the real value of the gold bar as his margin. Never sell gold bars if a dealer tries to deduct more than 10%.
How much was my gold bar worth?
Especially heirs are interested in past gold prices. They inherited gold bars from the grandparents have gained tremendous value. People are surprised to learn that in 2005, gold was only worth between $427 and $485 per ounce, or $ 290 per ounce in 1999. After 2005, the price of gold began to rise rapidly. If you sell your gold bars that you bought many years ago, you will definitely make a profit.