IGR - Istanbul Gold Refinery is an internationally recognized and highly respected organization. Companies consists of Istanbul Gold Refinery,... more info
Gold Bars and Gold Rounds
Explore the history and appeal of gold bars at Aydin Coins & Jewelry Co. One of the most ancient forms of currency, the gold bar can actually exist in a variety of shapes. By definition it is a quantity of refined metallic gold that meets standard conditions of manufacture, labeling, and record keeping. There are two main categories of gold bar. Cast bars, or gold bars produced by pouring molten metal into molds, are called ingots. Minted bars, which are generally smaller, may be manufactured from sheets of rolled gold sheets, using such processes as minting and stamping.
The standard gold bars held in gold reserves by central banks and traded among bullion dealers are known as Good Delivery bars. The name refers to a set of specifications developed by the London Bullion Market Association. For example, each Good Delivery bar must weigh 400 troy ounces (12.4 kg or 438.9 ounces)
By contrast, highly collectible kilobars weigh significantly less at 32.15 troy ounces or 1000 grams. As such, these gold bars are ideal for trading and investment. They also entail a much lower premium over the spot value of the gold, a definite advantage for banks and traders who regularly make small transfers. While most kilobars are flat, brick shape kilobars also have strong appeal for international investors.