How It Feels to Hold a 1 kg Gold Bar | Weight, Size & Value of Kilo Bars

What is the weight of a gold bar?

A gold bar that weighs exactly one kilogram is equivalent to roughly 32.15 troy ounces, which is exactly 1,000 grams. Although a kilogram might not seem like much, gold is one of the metals that has the highest density on the planet. Consequently, despite its small size, a one-kilogram bar comes off as quite weighty when held in the hand. Most bars of this size are around the same size as a typical smartphone, but they are far thicker and significantly denser. As soon as you pick up one, you will immediately notice a change.

The value of gold

The only thing that defines the value of a one-kilogram gold bar is the live gold price at the time of purchase. The current price of a one-kilogram bar may be calculated by multiplying the price of one ounce of gold by 32.15 troy ounces. 

The bar would be worth about the following amount, for instance, if the price of gold is $2,400 per ounce: 2.400 times 32.15 equals $77,160

For what reason do investors favour kilo bars?

Kilo bars provide a powerful mix of cheap pricing, small storage, and great value in their product offerings. Kilo bars, as opposed to lesser bars (such as a gram bar or a 100-gram gold bar), are preferred by serious investors for several reasons that are listed below:

• • The price per ounce is higher than that of smaller bars.
• • As opposed to several smaller bars, it is simpler to carry and store.
• • International dealers and financial institutions frequently accept it.
• • Magnificence that is well acknowledged by prominent mints.

Dimensions 

Most 1 kilo gold bars have dimensions of around 117 millimetres by 53 millimetres by 8.5 millimetres; however, the exact dimensions might vary somewhat depending on the mint. Although there is no difference in pricing between cast bars and minted bars, some investors like cast bars because of their classic and rustic appearance.