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The percentage shows how much the metal's spot price (euro per troy ounce) has risen or fallen over the last 24 hours. It says nothing about shop prices.

Gold bars compared by series

24 series compared at 29 shops. The cheapest ounce comes to €3,679, 0.32% over spot; per series the lowest premium runs from 0.32% to 13.00% over spot.

Grams
Ounces
25 of 25 series
Other makers177 bars from other makers22 weights at 21 shops0.31 gfrom €42.67Valcambi gold bars19 variants at 14 shops0.5 gfrom €72.44Perth Mint gold bars10 variants at 13 shops1 gfrom €133.61Bars without a named maker (gold)13 variants at 11 shops1 gfrom €123.30Heraeus gold bars11 variants at 11 shops1 gfrom €132.41PAMP Suisse gold bars11 variants at 11 shops1 gfrom €137.80C. Hafner gold bars15 variants at 8 shops0.5 gfrom €63.49Royal Mint gold bars7 variants at 8 shops1 gfrom €143.53Umicore gold bars11 variants at 8 shops1 gfrom €132.20Heimerle + Meule gold bars20 variants at 6 shops0.31 gfrom €45.51Royal Canadian Mint gold bars2 variants at 6 shops10 gfrom €1,220.92Rand Refinery gold bars5 variants at 5 shops10 gfrom €1,214.02Credit Suisse gold bars3 variants at 4 shops1 ozfrom €3,772.97Degussa gold bars14 variants at 4 shops0.5 gfrom €72.53Metalor gold bars10 variants at 4 shops2 gfrom €299.65Geiger gold bars13 variants at 2 shops0.5 gfrom €76.70Nadir gold bars3 variants at 2 shops1 gfrom €133.40Rothschild gold bars2 variants at 2 shops100 gfrom €13,518.00Austrian Mint gold bars1 variant at 1 shop2 gfrom €266.50Godot & Fils gold bars11 variants at 1 shop1 gfrom €149.00Istanbul Gold Refinery1 variant at 1 shop1 ozfrom €3,813.26Italpreziosi gold bars12 variants at 1 shop2 gfrom €307.02Johnson Matthey gold bars1 variant at 1 shop1 kgfrom €119,007.13Sempsa gold bars2 variants at 1 shop10 gfrom €1,288.48The Holy Land Mint gold bars6 variants at 1 shop1 gfrom €148.80

Background

Minted and cast

Precious metal in bulk is called bullion: it is cast or struck into bars, wafers or coins. A bar's purity is given in thousandths: a .995 bar holds 995 parts of precious metal and 5 parts of other metal.

Heraeus, Degussa and C. Hafner mint their small gold bars and cast the large ones. Heraeus mints from 1 to 100 grams and casts from 100 to 1,000 grams. Degussa mints from 0.5 to 50 grams and casts 250, 500 and 1,000 grams; 1 ounce and 100 grams come in both forms. C. Hafner mints from 1 to 100 grams and casts from 1 ounce to 1,000 grams.

Valcambi mints the large sizes too, from 1 gram to 1 kilo. Umicore makes investment bars from 1 to 5,000 grams.

Good Delivery

In the London wholesale market, the Good Delivery bar is what counts. The LBMA keeps the lists of refiners allowed to deliver gold and silver bars in that market, and only bars that meet its standards are accepted in the settlement of a Loco London contract. Such a gold bar weighs about 400 troy ounces. The requirements cover fine weight, purity and appearance. Other products of accredited refiners fall outside the lists.

For VAT on gold, silver, platinum and palladium, see VAT by EU country.

Characteristics

Purity for investment gold
at least 995/1,000
Good Delivery bar
about 400 troy ounces

Sources

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