The weight of a standard gold bar is 1 16.64g (equivalent to 3.746 ounces). There is no uniform regulation on the weight of gold bars. When circulating in the gold exchange or market, the standard weight specifications of standard gold bars are 10g, 30g, 50g, 10g, 300g, 500g, 1000g respectively, and the purity of gold is 99.99%.
The bank does not provide gold bar repurchase. Therefore, investors can only go to the delivery place designated by the gold exchange to melt and recast the gold bars and then sell them. In this process, the weight of gold bars will be reduced and the selling price will be reduced. This is a problem that investors must consider when trading physical gold.
The weight of bank gold bars
1, China Construction Bank
CCB's own brand gold bars are "CCB Gold" with specifications of 50g, 100g, 200g and 500g.
2. China Industrial and Commercial Bank.
One of ICBC's own brands of gold bars is Jin Ruyi. Take 50 grams of Ruyi gold bars as an example. At present, the official selling price of ICBC is RMB, which is converted into RMB. In addition, ICBC also sells other theme types of gold bars, such as the Year of the Pig. The price of 50 grams of gold bars in the Year of the Pig is RMB, which is converted into RMB.
3. Agricultural Bank and China Bank.
Agricultural Bank of China's own brand gold bars are handed down from generation to generation, with specifications such as 20g, 50g, 100g, 200g and 500g.
China Bank's own brand gold bar is "China Bank Lucky Gold", with many specifications ranging from 10g to 1000g.