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How Much Is A Gold Ingot Worth - Gold Bars FAQ | The Gold Bullion

How Much Is a Gold Ingot Worth

A gold ingot is sometimes also known as a gold bullion or a gold bar. It’s a quantity of refined metallic gold, made by a trained bar producer. The manufacturing process must meet required standards of processing, labeling and record keeping. Liquid gold is poured into a mould, which is where the word ‘ingot’ comes from. The process of producing smaller gold bars differentiates, as these are made by minting or stamping sheets of gold bullion.

The London Bullion Market Association (LBMA), has created the set of Good Delivery Rules that bar producers have to adhere to. Founded in 1987 by the Bank of England, it is responsible for trading practices, refining standards and the certification of bullion used to make gold and silver bars.

What Does a Gold Ingot Contain?

The LBMA requires gold ingots to contain 99.5% pure gold, i.e. 995.0 parts per thousand fine gold. Gold ingots can vary in size but under the Good Delivery rules, bars are required to weigh 350-430 troy ounces (11-13kg). An example would be that a 400oz ingot would contain 398oz of fine gold.

The Good Delivery Rules recommend that the length at the top should be; 210-290mm. The width; 55-85mm and the height should be; 25-45mm.  You may also see certain marks on the ingot like; a serial number, a refiners hallmark, fineness and year of manufacture.

Who Makes Gold Ingots?

A certified ‘bar producer’ makes gold ingots and other types of gold bullion. The Gold Bullion Company has been established since 1993 and is a certified bar producer. Paul Marcus, the founder has been trading in gold and silver bullion for around 35 years building up a well-respected reputation.

Whether you want an investment opportunity or a gift for a loved one, the Gold Bullion Company offers fine gold and silver bars and coins at great prices. You can buy online in a few clicks and enjoy a Buy Back Guarantee should you need to turn your investment back into cash.

How to Work Out the Price of a Gold Ingot

Like most types of gold bullion, a gold ingot does not have a fixed price. Its value is dependent on its gold content, size and the frequently changing gold spot price. To work out a gold ingots price you must multiply the gold content by the current spot price. An example is;

  • Let’s take a 400oz ingot at a time when the spot price is $865/oz. t. 865 x 400 = 346,000. So the value is around $346,000.

Gold Bullion Company Products

The Gold Bullion Company offers a range of gold bars, gold coins, silver bars and silver coins of outstanding quality. Closely resembling the gold ingot, the Gold Bullion Company has a range of gold bars from around the world.

  •  Umicore Gold Bars. These bars are made from a range of recycled materials mostly from automotive, electronic and industrial waste. Produced in Belgium, these bars are LBMA certified. Prices range from 40 for a 1g bar to upwards of 30,000 for a 1kg bar.
  • Emirates Gold Bars. Produced in Dubai, it’s one of the most renowned gold refineries in the Arabic region. Being 99.99% pure gold, emirates gold bars are a great investment expected to hold strong in the long term. Prices range from 40 for a 1g bar to upwards of 30,000 for a 1kg bar.
  • Australian Perth Mint Gold Bars. Endorsed by the LBMA and other leading commodity exchanges, these gold bars are 99.99% pure and have a unique serial number assuring their quality and weight. Prices range from 40 for a 1g bar to upwards of 3000 for a 100g bar.
  • Baird and Co Gold Bars. A member of the London Bullion Market Association, Baird and Co cast gold bars from 2.5g to 1kg. Prices range from 90 for 2.5g to upwards of 30,000 for 1kg of gold bar.
  • Metalor Gold Bars. Offering a range of bars from 1oz to 1kg, you could pay upwards of 30,000 for a 1kg Metalor gold bar with a certificate.
  • PAMP Suisse Gold Bars. Being a world leader in gold and silver bullion production, PAMP products are a savvy investment. Expect to pay upwards of 3,000 for a 100 gram bar.
  • Valcambi Gold Bars. Located in Switzerland, Valcambi have been in the business around 40 years. Accredited with the LBMA and DMCC, you can expect superior quality and to pay upwards of 3,000 for a 100 gram gold bar.

Why Invest in Gold Bars?

When it comes to investing your money, it can be hard to decide the best and safest way to stash your hard earned cash. Of course it’s tempting to stash money with banks, who offer claims of great returns on interest rates or shares in successful companies. But while this initially may seem the most profitable way forward, you have to consider the possibility that a bank or company is prone to collapse.

Investing in gold bullion may not seem to initially give you more than a safe place to store your money, but gold has an intrinsic value that will not be lost dues to inflation or economic collapse. In times of economic hardship, the demand for gold may even rise, increasing the value of gold bullion significantly.

Benefits of Buying From the Gold Bullion Co

The Gold Bullion Co is a well-established company that has a trusted, quality reputation. They sell a huge range of small and large gold bars online, alongside gold coins, silver bars and silver coins. Each gold bullion bar is made of 999.9 (99.9%) investment grade, pure fine gold. Bars range in size from 1 gram up to 1 kilogram and will be delivered by tracked and insured next day delivery.

If you ever need money quickly, the Gold Bullion Co will buy back your gold paying the London gold price on the day. If you need help with your purchase and want to speak to someone in person, you can visit us at our office in Birmingham in the legendary Jewellery Quarter.

Alternately you can speak to one of our experienced team on 0121 523 1047.