|Weight:||Spot Price:||Buy Price:|
|1.00 oz||£ 1,500.61||£ 1,563.64|
1 Oz Gold Bar
Buy 1 Ounce Gold Bar
Gold bars (1 oz) are investment grade gold bullion bars and each one weighs exactly 1 troy ounce, or 31.1034768 grams. 1 oz gold bars have a fineness, purity or gold content of at least 99.9%. They are popular amongst UK investors as an efficient means to store small units of gold efficiently and inexpensively.
1oz gold bars are usually rectangular. They are produced either as cast or minted bars. Because 1 oz gold bars are manufactured from a variety of refineries and government mints, their look and feel can vary.
Why Buy 1 oz Gold Bars?
Gold bullion bars are some of our biggest selling gold bullion formats in the UK and globally. They are competitive from a price point of view and very suitable for both insured delivery and secure storage.
Gold bars that are one ounce can make nice gifts but are better bought as an investment or a store of value since they are conveniently sized, affordably priced, and are well-known in domestic and in international markets.
Who Makes 1oz Gold Bars?
GoldCore only sells gold bars (1 oz) of recognized and widely-traded brands. These would include the one ounce gold bars from such highly regarded and LBMA approved refineries such as Johnson Matthey, Credit Suisse, MKS PAMP, Heraeus and government mints such as The Royal Canadian Mint, The Royal Mint and The Perth Mint of Western Australia. Perth Mint gold bars remain our most popular bullion bar. In the UK, The Perth Mint Bars are the most popular with GoldCore clients, they are preferred for the unrivalled quality and value.
How Much Gold is in 1 oz Gold Bars?
Each 1 ounce gold bar has a minimum purity of 0.995 and is normally between 0.999 pure and 0.9999 pure or 24 carat. These bars contain exactly 1 troy ounce of gold.
For example, The Perth Mint produces a minted gold bar (1 oz) known as Kangaroo gold bars which are popular with U.S. gold buyers and investors. Kangaroos are 1 ounce minted gold bars with a fine gold content of 1 troy ounce, a fineness of 99.99%, and a minimum gross weight of 31.107 grams. The Perth Mint’s 1 ounce bar is rectangular in shape with tapered corners and measures 41.60mm by 24.60 mm with a 1.71mm depth.
|£ 1,000 - £ 40,999||£ 1,563.64||4.20%|
|£ 41,000 - £ 81,999||£ 1,559.43||3.92%|
|£ 82,000 - £ 202,999||£ 1,553.55||3.53%|
|£ 203,000 - £ 405,999||£ 1,548.51||3.19%|
|£ 406,000 - £ 811,999||£ 1,545.15||2.97%|
|£ 812,000 +||£ 1,542.63||2.80%|
How to Buy 1 oz Gold Bars in the United Kingdom?
You can buy gold bars online from GoldCore for delivery or storage using the BUY button or you can call our office to place your order over the phone.
We deliver gold bars and coins fully insured to our UK clients throughout the British Isle’s from our depository partner vaults in Shepperton, London. We offer all major bullion bar and coin products for delivery and storage and you can pay by bank transfer, by credit card or by debit card.
Many of our UK clients opt to store their gold bars in fully insured, offshore Secure Storage locations. We specialise in offering UK clients access to allocated and segregated bullion storage in secure non bank vault partners in safer jurisdictions in the world such as Zurich, Hong Kong, London and Singapore.
Insured delivery of gold bars to homes or offices is also popular and many clients do both - take delivery of a portion of their gold and own the rest in Secure Storage.
What Other Types of Gold Bullion Products Should I Consider Buying?
We make a market in a range of the most popular bullion bar and coin products. You can buy Gold Krugerrands, buy Gold Eagles, buy Gold Maples, buy Gold Philharmonics, buy Gold Kangaroos and or indeed buy Gold Britannias. If you wish to own a smaller coin and the divisibility benefits of smaller gold coins you can buy Gold Sovereigns.
What Is the Price of a 1 oz Gold Bar?
The price of a 1 oz gold bar in the UK is shown in the upper right section of this page. The UK price is generally the same as in other markets. The price of a 1 oz gold bar is calculated using three components including the gold price or gold spot price:
- The gold spot price is the price 1 oz of pure gold that is available for immediate delivery. It is typically determined by the best bid and offer for gold as offered by large bullion banks trading in real time throughout the world and as provided by data providers such as Bloomberg and Thomson Reuters.
- The weight of gold. The weight of pure gold found in a gold bar that is being purchased. A 1 oz gold bar has 0.999 or 0.9999 parts of pure gold, as such the 1 oz gold bar will weigh a little more than 1 troy oz in weight when impurities are accounted for. Some gold bars can have purities as high as 5 nines or 0.99999 pure. This additional level of refinement can greatly increase the production costs and such formats are far more expensive and less desirable by investors.
- The gold price premium. The gold price premium is defined as a percentage adjustment that is added or deducted from the gold spot price value of the gold bar. The gold premium of a gold bar is determined by the costs of production, refining, fabrication, minting and the logistics of making the gold bar available for sale in the UK and in international markets. Gold bar prices are also impacted by the supply and demand in the market and the competitive forces between gold brokers who offer gold bars for sale and the amount of gold that the client is seeking to invest - larger sums commanding lower gold premiums.
The USD is the currency that most commodities, including gold, are priced in around the world. This means that the UK price of gold is determined in part by the exchange rate of USD priced gold into British Pounds.
In order to determine the gold price of a gold bar (1 oz), simply multiply the spot price of gold by the number of gold troy oz in the gold bar (1 oz) and add or subtract the current premium for that gold bar.
Should You Buy 1 oz Gold Bars?
1 oz gold bars typically command premiums of between 2.5% and 3.75% with GoldCore who offer some of the most competitive premiums in the gold market. GoldCore have been selling gold to UK citizens longer than most online UK dealers. In their carded form 1 oz gold bars are excellent gold investments formats for stacking and storing on a long term basis. GoldCore buys and sells thousands of these bars every year and our UK clients have always been very happy with the quality of the bars and the resale market.
Please Note - Bar Brands
While all gold bars sold by GoldCore are from LBMA approved refiners and mints, the bars that you will receive may not necessarily be identical to those pictured.