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.
Valcambi gold bars19 variants at 14 shops0.5 gfrom €72.440.5 gfrom €72.441 gfrom €133.892.5 gfrom €318.515 gfrom €619.2510 gfrom €1,214.021/2 ozfrom €1,871.3620 gfrom €2,414.5025 gfrom €3,156.001 ozfrom €3,741.7050 gfrom €6,001.1262 gfrom €7,990.61100 gfrom €11,912.69125 gfrom €15,456.22250 gfrom €29,780.98500 gfrom €59,768.1025 ozfrom €93,492.461 kgfrom €119,217.871.3 kgfrom €150,120.402.5 kgfrom €298,152.23
Perth Mint gold bars10 variants at 13 shops1 gfrom €133.611 gfrom €133.615 gfrom €619.5010 gfrom €1,219.0220 gfrom €2,417.301 ozfrom €3,734.4050 gfrom €5,999.62100 gfrom €11,959.295 ozfrom €18,730.2610 ozfrom €37,346.631 kgfrom €119,235.72
Bars without a named maker (gold)13 variants at 11 shops1 gfrom €123.301 gfrom €123.302 gfrom €261.002.5 gfrom €318.505 gfrom €615.5010 gfrom €1,214.0020 gfrom €2,443.001 ozfrom €3,800.0050 gfrom €6,013.00100 gfrom €11,935.20250 gfrom €29,612.50500 gfrom €59,225.001 kgfrom €118,460.6012.5 kgfrom €1,503,225.00
Heraeus gold bars11 variants at 11 shops1 gfrom €132.411 gfrom €132.412 gfrom €258.925 gfrom €610.0510 gfrom €1,213.1020 gfrom €2,404.201 ozfrom €3,715.4050 gfrom €6,010.10100 gfrom €11,909.39250 gfrom €29,775.51500 gfrom €59,481.951 kgfrom €118,808.37
PAMP Suisse gold bars11 variants at 11 shops1 gfrom €137.801 gfrom €137.802.5 gfrom €326.505 gfrom €628.5210 gfrom €1,228.001/2 ozfrom €1,891.3620 gfrom €2,419.0025 gfrom €3,281.001 ozfrom €3,764.5650 gfrom €6,016.60100 gfrom €12,014.971 kgfrom €119,354.94
C. Hafner gold bars15 variants at 8 shops0.5 gfrom €63.490.5 gfrom €63.491 gfrom €127.002 gfrom €251.005 gfrom €616.001/4 ozfrom €954.0010 gfrom €1,195.001/2 ozfrom €1,913.6320 gfrom €2,389.0025 gfrom €2,997.001 ozfrom €3,690.0050 gfrom €5,937.00100 gfrom €11,842.00250 gfrom €29,574.00500 gfrom €59,218.001 kgfrom €118,355.00
Royal Mint gold bars7 variants at 8 shops1 gfrom €143.531 gfrom €143.535 gfrom €629.5110 gfrom €1,219.0220 gfrom €2,418.041 ozfrom €3,743.7250 gfrom €6,020.10100 gfrom €11,985.20
Umicore gold bars11 variants at 8 shops1 gfrom €132.201 gfrom €132.202.5 gfrom €316.535 gfrom €617.5010 gfrom €1,221.6020 gfrom €2,416.201 ozfrom €3,739.4050 gfrom €5,981.62100 gfrom €11,932.39250 gfrom €29,825.51500 gfrom €59,662.951 kgfrom €119,449.90
Heimerle + Meule gold bars20 variants at 6 shops0.31 gfrom €45.510.31 gfrom €45.510.5 gfrom €65.941 gfrom €128.301/20 ozfrom €195.682 gfrom €283.152.5 gfrom €320.501/10 ozfrom €390.005 gfrom €618.5010 gfrom €1,218.0015 gfrom €1,946.711/2 ozfrom €2,124.1620 gfrom €2,428.0025 gfrom €3,143.9530 gfrom €3,895.001 ozfrom €3,756.0032 gfrom €3,952.0050 gfrom €6,032.002 ozfrom €7,757.70100 gfrom €12,051.00250 gfrom €30,037.95
Royal Canadian Mint gold bars2 variants at 6 shops10 gfrom €1,220.9210 gfrom €1,220.921 ozfrom €3,783.33
Rand Refinery gold bars5 variants at 5 shops10 gfrom €1,214.0210 gfrom €1,214.0220 gfrom €2,408.041 ozfrom €3,736.4050 gfrom €5,999.62100 gfrom €11,935.20
Degussa gold bars14 variants at 4 shops0.5 gfrom €72.530.5 gfrom €72.531 gfrom €128.522.5 gfrom €315.045 gfrom €609.0510 gfrom €1,216.101/2 ozfrom €1,899.9720 gfrom €2,406.201 ozfrom €3,709.4040 gfrom €4,857.7050 gfrom €5,955.12100 gfrom €11,887.39250 gfrom €29,744.98500 gfrom €59,548.561 kgfrom €118,708.37
Metalor gold bars10 variants at 4 shops2 gfrom €299.652 gfrom €299.655 gfrom €651.5910 gfrom €1,321.1520 gfrom €2,437.891 ozfrom €3,784.2450 gfrom €6,017.98100 gfrom €11,964.67250 gfrom €30,522.52500 gfrom €61,397.981 kgfrom €119,007.13
Geiger gold bars13 variants at 2 shops0.5 gfrom €76.700.5 gfrom €76.701 gfrom €135.302.5 gfrom €315.605 gfrom €631.1010 gfrom €1,237.2020 gfrom €2,442.4025 gfrom €3,165.5030 gfrom €3,771.601 ozfrom €3,813.8050 gfrom €6,360.90100 gfrom €12,137.80150 gfrom €18,482.7030 ozfrom €113,863.30
Nadir gold bars3 variants at 2 shops1 gfrom €133.401 gfrom €133.402.5 gfrom €316.515 gfrom €620.01
Austrian Mint gold bars1 variant at 1 shop2 gfrom €266.502 gfrom €266.50
Istanbul Gold Refinery1 variant at 1 shop1 ozfrom €3,813.261 ozfrom €3,813.26
Sempsa gold bars2 variants at 1 shop10 gfrom €1,288.4810 gfrom €1,288.48100 gfrom €12,197.46
The Holy Land Mint gold bars6 variants at 1 shop1 gfrom €148.801 gfrom €148.802.5 gfrom €337.505 gfrom €633.5010 gfrom €1,241.0020 gfrom €2,446.001 ozfrom €3,790.00No series match this choice.
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
- Belastingdienst, Wat is beleggingsgoud?read on 20 October 2026
- Richtlijn 2006/112/EG (btw-richtlijn), geconsolideerde tekst van 1 januari 2025, EUR-Lexread on 20 October 2026
- LBMA, About Good Deliveryread on 20 October 2026
- Royal Canadian Mint, Bullion Glossary of Termsread on 20 October 2026
- Heraeus Precious Metals, Precious Metal Barsread on 18 October 2026
- Degussa, goudbaar 1 oz (eigen webwinkel)read on 18 October 2026
- C. Hafner, Feingoldbarrenread on 18 October 2026
- Valcambi, Minted Barsread on 18 October 2026
- Umicore, Investment barsread on 18 October 2026



