400oz Gold Bars Are Worth $1M for the First Time Ever

What We’re Showing

This graphic shows the value of gold bars in various sizes (as of Aug. 21, 2024). Price data was sourced from Kitco.

Key Takeaway

• Gold prices in August have surpassed $2,500/oz for the first time ever, pushing the price of a 400oz “Good Delivery” gold bar to $1M USD
• 400oz bars are the standard size bar held and traded internationally by central banks