Have you ever seen one of those big gold bars and wondered how much it weighs… and what it’s worth?
Also called gold bullion or gold ingot, these bars come in many different sizes. That means you’ll also find different weights.
Gold bars come in different sizes, therefore you’ll also find different weights.
You can get gold bars as small as one gram. Which is about the weight of a paper clip, all the way up to bars that weigh in pounds.
Most Common Weights Gold Bars Can Be Found In
- 2 grams
- 2.5 grams
- 5 grams
- 20 grams
- 11.66 grams
- 20 grams
- 31.1 grams
- 50 grams
- 58.3 grams
- 100 grams
- 116.64 grams
- 250 grams
- 500 grams
- 1 kilogram
There are other weights, but most of them are unpopular.
Is There An Average Weight For A Gold Bar?
The standard gold bar held as reserves at central banks weighs in at 400 troy oz (12.44 kg).
That’s 27.42 pounds, which is about the weight of several red clay bricks. Pretty heavy isn’t it?
How much is that gold bar worth?
An average gold bar is worth over $5.5 million dollars in today’s gold prices. You could buy your own island with that kind of money.
~ Fun Fact ~
The biggest gold bar ever produced was by Mitsubishi Materials Corporation. On June 5, 2005 the company created a bar weighing a whopping 551 pounds (250 kg). That is huge!
The dimensions are 17.9 inches by 8.9 inches by 6.7 inches, which means it would fit into the shoe box of an average NBA player. It’s value is over $8.5 million.