Gold Ingots for Sale in Africa, What is a gold ingot & Cost?
A Gold Ingot is literally a block or bar of gold that has been refined and cast into a specific shape according to personal preferences. The process involves pouring molten gold into a mold of a specific shape and size, which is then cooled and the gold bars are cast.
This differentiates this ingot gold bullion from other gold bars which are producing by minting or stamping of gold bullion sheets.
Gold ingot bullion are produced in different sizes and are required by the LBMA to weigh 350-430T.Oz that’s is 11 to 13kilos and they contain 99.5% of pure gold.
A gold ingot can be manufactured with different artistic designs according to the mint. It can have different certain marks such as the serial number, the manufacturer’s trademark the year it was manufactured.
Good Delivery Gold Ingot Bar Recommended Specifications:
| Length (top) | 210-290mm |
| Width (top) | 55-85mm |
| Height | 350-430 T.Oz |
| Purity | 99.5% |
How much is a Gold Ingot Bar worth?
Just like other gold bullion bars, a gold ingot price is determined by the spot price on the global market depending on its purity level and its weight. To come up with a price of a specific gold ingot, you multiply its gold content by the current spot price.
Gold ingot bar price is determine according to its purity and weight . Gold weight is in measured in Ounces but can also be quantified into grams and kilograms to make its weighing very easy. An ounce is used to calculate live gold prices. Buy Gold Ingots
Current Gold ingot bar price according to its weight.
| Weight | Price |
| 1 gram | $69.73 |
| 1 ounce | $21,700.o4 |
| 1 kilo | $69,676.72 |
Data is accurate as of April 5,2024 and is subjected to change.
Why do people invest in Gold Ingots?
Thinking of investing your money comes with a lot of different options and you will find it hard to know which one Is the best. Many investors, mostly the beginners will opt for options that will offer them high returns on their investments. Gold Ingots for Sale
They will open up saving accounts in different banks because the accounts usually come with a lot of benefits such as high interest rates , shares if your business or company is well performing and these will be appealing to these investors, offering them with regular profits and potential rewards that a piece of metal wont be able to provide. Gold Ingots for Sale
However banks are prone to collapsing leaving your investment now where to be seen unlike a physical gold bar, you will always have it at hand. Gold Ingots for Sale
Investing in these precious metals offers you a fixed asset that will never be devalued. We recommend you to secure your wealth in an asset whose value will never be affected by the economic factors but rather rise with time most especially during the global crisis. Gold Ingots for Sale
Frequently Asked Questions about Gold Ingots
What is the meaning of a Gold Ingot? A gold ingot is a block or bar of gold that has been refined and cast into a specific shape for easy handling, storage, or trade. Gold Ingots for Sale
Are gold ingots pure gold? Gold ingots are made from gold 99.9% pure gold , which is also known as 24-karat gold.
Why is gold made in Ingots? For easy handling in terms of storage and management. Gold Ingots for Sale
What are ingots used for? They are used in electronic components, jewellery and art, central banks and governments as foreign reserves, melted and cast into gold coins, among others.
How can you tell if a gold ingot is real? Determining the authenticity of a gold ingot involves several methods namely Visual inspections, using a magnet test, nitric acid test, X-Ray Fluorescence test, among others. Gold Ingots for Sale