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Gold is known to be one of the most precious metals and one of the finest possessions for centuries for the rich and the affluent and for the common person. Gold becomes precious and valuable only because of the best qualities and rarity of metal. Gold has always been a measure of wealth and power since the very beginning of civilization. Gold jewelry was a convenient means of displaying wealth and a symbol of accumulated wealth. In history, gold was a symbol of riches and wealth and was a source of greed.

Pure gold also known as 24k Gold is a metallic yellow color, very flexible and soft metal compared to other elements. Gold is a very stable metal that stands the test of time and is not known to rust, fades or reduces quality, quantity or luster by aging.

The purity of your gold is determined by the weight of Karat. Karat is an indicator of purity, which is measured from 1 to 24. Thus, the less karat, the less the quality/purity of gold and 24K Gold, which is considered to be the purest and clearest form of metal. Therefore, the value also increases with the score of Karat!

Gold Weights

There are 1 gram of gold bars available today in market, which are considered a novelty gift. Let’s first talk about basic information about what gold bars, types and standard weight.

These are refined metal gold, which is supplied in any form produced by the bar manufacturer, which in turn conforms to standard conditions, such as manufacturer, labelling and record keeping. Large bars are called ingots, which are produced by pouring molten metal into the mold, while smaller bars are manufactured by stamping rolled gold sheets.

Gold reserves in central banks are standard gold bars and are traded by a bullion trader weighing about 12.4 kg or 438.9 ounces.

One kilogram, consisting of 1000 grams, is widely used in trade and investment and is mostly flat shaped, although there are some investors who prefer a brick shape.

What are the types of bars?

It is basically classified into two types, based on the method of manufacturing: casting and cutting, although today there are more than 30 types of gold bars that circulate in the world of gold market.

Casted means that they are manufactured by pouring molten gold into the mold, and ingot mold means that they are cut manually to the desired size of gold blanks or a flat piece of gold. Labels found in bars are usually applied through pressing.

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There is a new form of bar, consisting of a small ingot with 1-20 grams of gold bar, which is called the Chip Gold.

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