Weigh Gold


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IGEM Jewelry and Gold Weighing Gram Scale 2 000g x 01g Large Display
$36.07
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$285.00
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$435.00
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$70.00
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$75.00
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$74.99
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MANS DIAMOND GOLD RING GIPSY RING BY DOVA IN 750 Size 11 WEIGH 167 grams
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$150.00
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GORGEOUS 14k Heart Shaped Diamond Wedding Set Weighing 51 grams Size 575 6
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14K YELLOW GOLD LADIES DIAMOND WEDDING RING SET SIZE 6 3 4 WEIGHING 42 GRAMS
$499.00
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$960.00
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14K YELLOW GOLD LADIES DIAMOND WEDDING RING SET SIZE 7 3 4 WEIGHING 37 GRAMS
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$250.00
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$390.55
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14K YELLOW GOLD HEART DIAMOND PENDANT WEIGHING 12 GRAMS
$49.50
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14K YELLOW GOLD HEART DIAMOND PENDANT WEIGHING 15 GRAMS
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$4,988.88
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$888.88
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$199.00
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MANS DIAMONDS GOLD RING LOOKS LIKE POPULAR WATCH Size 12 WEIGH 142 grams
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$599.00
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$35.00
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$12.50
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Gold Tone Linked Mesh Bracelet 75 x 1 weigh 45 gram No mark Mens
$12.99
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estate 14k yellow gold onyx ring size 7 3 4 weighing 66 grams
$249.00
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$2.95
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ITALY GOLD NECK CHAIN 20 INCHENS WITH LOBSTER CLASP WEIGH 40 grams 14K GOLD LOOK
$1,799.00
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1904 20 US LIBERTY GOLD COIN SET IN 18K GOLD BEZEL LG LOOP WEIGHING 40 grams
$1,789.99
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1976 KRUGERRAND ANS1987 PANDA GOLD COIN SET IN BEZEL WEIGHING 793 grams
$3,049.88
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1926 US 20 ST GAUDENS BEZEL SET WITH 36 INCHES 24K GOLD CHAIN WEIGH 1005grams
$6,888.88
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$9.99
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MY WEIGH i5500 Scale 5500g x 01 Gram Gold Buying Coins TABLE TOP SCALE
$143.99
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Stunning 79g 14K Yellow Gold Ladies Ring 77K Diamond 7 Emeralds Weighing 77K
$1,950.00
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Weigh Gold

Selling gold jewelry - How to weigh your gold

Understanding the Importance of Gold Weights

Gold is used in many industries such as electronics, medicine and energy in addition to being used in many consumer products such as jewellery, cosmetics and consumer electronics. Aside from these uses it also plays an important role in economies throughout the world both historically and in the present. In the past it has been used by many countries as a form of currency and it is still very much traded as a commodity on the market.

Because gold has played an important role in the economies of the world and present day trading, how gold is weighed is very important. Having standard weights allows for easier trading and builds confidence in gold which is essential to a fluid gold market.

Gold Bar

The most common method of holding commodity gold is as a gold bar. The value of a gold bar depends on its weight which will be decided by whether the gold is going to be used as for trading or as a long term investment. Gold bars are ingots which are available in a variety of sizes and weights. Gold bars fall into two categories – cast gold bars and minted gold bars.

Cast Gold Bars

Cast gold bars are created by melting down the gold and pouring the gold into various different moulds to give the bars different shapes and weights.

Minted Gold Bars

Minted gold bars are created by hand cutting gold blanks to precise measurements.

Whether the gold bar is minted or casted the weight and purity is engraved on the top of the bar so that the value of the gold is known. In grams, there are sixteen international weight categories which can be used to create gold bars, which range from five hundred grams to a third of a gram. In ounces, there are eight weight categories, which range from twenty ounces to less than an ounce.

Banks and Traders Measures and Purity Levels

The most common bar which banks hold is the 400 ounce gold bar. It should be noted that these bars actually range from 350 and 430 ounces, but the exact weight is always engraved on the gold bar. Gold bars which are held by banks are almost always of a 99.5 percent purity level. In addition to these bars banks also store in 1 tonne bars, 1 tola bars or 10 tola bars.

The most commonly traded gold bar across the world is the kilogram bar. Traders and investors use this weight because it does not sell at a premium price and is cheaper than alternative.

Gold Standards

Bullion spot trading is a form of gold trading where the physical gold bars actually changes hands in a transaction. The standard gold bar which is used for this is the London Good Delivery gold bullion bar. This gold bar weighs 400 ounces and because is it so frequently traded it is the most important gold bar in the world.

Gold bars can be denominated in different weights around the world. Internationally, they are weighed in grams while in many English speaking countries including the UK; they are mostly weighed in ounces. In the Asian and Middle Eastern region, they are mostly weighed in tolas.

Nowadays, gold has become an increasingly attractive investment as gold prices are rising, and have reached their all time high this year. When prices rise, this brings profits to gold investors and sellers.

About the Author

www.grantsofcornwall.com specialise in buying scrap gold and pay excellent scrap gold prices. They offer a simple and quick service from start to finish for selling your gold.

If you are looking for a different item here are a list of related products on Gold And Precious Metals, please check out the following:

Weigh Gold

Frequently Asked Questions...

How much would a five-gallon pail of gold weigh?

Gold has a specific gravity of almost 20
a five-gallon pail of water weighs about 40 pounds


Answer:

a lot you would not be able to lift it if it was pure gold...

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