Types of Gold Bars
Approved manufacturers merge or create gold bars and stamped with the marks showing the weight, purity and serial number. They make several types of gold bars that serve different functions in world gold markets.
The bars LGD (LGD English London Good Delivery), or goods in London, are large bullion internationally traded by dealers, central banks, financial institutions and investors. They are also known as bars “400-ounce”, as they have a gold content of between 350 and 430 ounces (9.92 and 12.19 kg) of fine gold. They have a minimum purity of 99.5%. These bars were traded for the first time in 1919 in the London gold market.
In Europe, private gold investors tend to favor the traditional brick-shaped bar kilogold 32.5 ounces (921.36 g). Annually produces about 1 million kilogold bar, and these could be negotiated bar over the world small gold.
Tola bars 10, 10 Baht
In the gold markets of India, Singapore, Pakistan and the Middle East, the bar is sold “10 Tola”, weighing 3.75 ounces (106.31 g) and rarely is marked with a serial number . More than 2 million of these bars are issued each year in Europe. The Tola is a standard unit of weight in India. In Thailand, the gold bar “10 Baht” which is equivalent to 4.9 ounces (138.91 g), is the bargaining unit of choice.
A Tael, which is equivalent to 1.2 ounces (0.34 g), is a unit of Chinese weight. Tael gold bars weighing up to 10 taels are popular in Chinese-speaking territories, including Hong Kong and Taiwan. These gold bars are generally produced in the form of cookies, donuts and boats. Among the most popular, the “Five Tael Biscuit” is a gold bar 6 oz (170.1 g) that the Chinese Gold and Silver Exchange in Hong Kong occur.
Starting from the conventional profile gold bar, the Japanese company Mitsubishi introduced rainbow gold bars in the 1990s by a production process that creates a wide range of gold patterns. The purity of the gold bar rainbow is 75%. Mitsubishi also pioneered gold cards in the 1980s.
Limited editions pendants
“Ornamental” and “investment” are two general descriptions for some categories of gold bars. Ornamental have a fixed price and are issued at a premium on the value of their gold content. Usually include limited editions, such as gold bars “Fine Arts” Test of Singapore. Gold bars investment occur in a low premium over the gold they contain. These include gold hanging bars, having hangers which can be used in the chains.