Gold bar

Additionally, the kilobar, weighing 1,000 grams (32.15 troy ounces), and the 100-troy-ounce (109.7-ounce; 6.9-pound; 3.1-kilogram) gold bar are popular for trading and investment due to their more manageable size and weight.

[1] These bars carry a minimal premium over the spot price of gold, facilitating small transfers between banks and traders.

[2] Gold bars are classified based on their production process into cast or minted forms, each differing in their appearance and market value.

Due to their relatively simple production process and minimal handling, cast bars are generally less expensive than their minted counterparts.

The most prevalent method involves marking bars with unique registered serial numbers or issuing a certificate of authenticity.

These bars must be stored in recognized and secure gold bullion vaults to maintain their quality status of Good Delivery.