MarketsAug 22, 2024
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
Dataset
| Bar Weight (oz) | Name | Length (inches) | Width (inches) | Value (USD) |
|---|---|---|---|---|
| 400 | Good Delivery bar | 10.70 | 3.72 | 1,000,000 |
| 32.15 | One Kilo bar | 3.15 | 1.58 | 80,697 |
| 16.07 | Half Kilo bar | 2.56 | 1.26 | 40,336 |
| 1 | One Ounce bar | 1.65 | 0.94 | 2,510 |
| iPhone 14 Pro Max | 6.33 | 3.05 |
Data sources
Bars have various depths which are not shown in this graphic. Based on Aug. 21, 2024 prices ($2,510oz).
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