Buy 1 Oz Gold Bar Price Today; Best Prices and Weights 2024
At goldbuyersafrica.com, 1 Oz of gold bar is available for USD 2,100.86.
1 ounce of a gold bar (1Oz) is a popular size for investors and collectors, containing 1 troy ounce, 31.1035 grams of pure gold.
The 1 Oz gold bar is a convenient size that is very popular on the gold market, often containing 99.99% pure refined gold, ensuring high quality and value.
It is manageable, offering the best and most accessible entry point to gold investments compared to larger gold bullion bars.
1 Oz gold bar is a smart and great way for new investors to start building a gold investment portfolio in this precious mineral, offering them lower-risk options and fewer requirements such as shipping and storage fees.
This quantity of gold bar comes with high liquidity levels making it very easy to buy and sell in case you need cash. It is globally recognized and accepted on the gold market hence offering straightforward and safe transactions with reputable gold dealers.
Being a convenient size, it is very easy to ship and store in any location safe like in a home-safe gold deposit or a secure vault with less storage fees charged compared to larger gold bars making it a portable gold investment that comes with a peace of mind.
For a balanced investment portfolio, adding 1 Oz of gold to your portfolio will reduce the potential risks and increase stability.
We offer you 1 ounce of gold in different weights depending on your investment plans and budget from different local mines but with a 99.99% gold purity.
Below is a table showing the price of 1 ounce of gold sold in different weight;
| Weight (ounces) | Price per ounce($) | Total price(%) | Discount (%) | Discounted price($) |
| 0.5 | 1950 | 975 | 0 | 975.00 |
| 1.0 | 1900 | 1900 | 0 | 1900.00 |
| 5.0 | 1850 | 925o | 2.5 | 9018.75 |
| 10.0 | 1800 | 18000 | 5 | 17100.00 |
Data is accurate as of June 15, 2024, and is subject to change.
The table above table helps gold investors to understand the cost implications and benefits of purchasing gold in bulk.
An ounce also abbreviated as Oz is a standard unit of measure for precious metals like gold with 1 ounce containing 31.1035 grams. Gold can also be quantified in kilograms for accurate and more understandable measurements.
Most longtime gold investors opt for 1 kilogram of gold bullion bars compared to other weights on the market and first-time investors prefer 1 ounce of gold bar to larger bars as they are more affordable, carry high liquidity, and come with ease of storage which makes it a portable gold investment.
Note that larger weights of gold come with lower prices per ounce because of the discounts applied making them very cost-effective per ounce.
What to put into consideration when purchasing 1 Oz gold bar
Premium over spot price; be aware that the smaller the gold bars, the higher the premiums over the spot price compared to the larger bars. These premiums cover the manufacturing, distribution, and gold dealer costs.
When you think of purchasing gold bars, depending on their quantity, put into consideration the secure storage locations to safeguard it against potential losses for example which may come as a result of theft.
Ensure to purchase from reputable gold dealers to avoid counterfeit and to ensure the authenticity of your gold bars.
Contact us for the gold bullion great deals that come with potential discounts on big purchases. We are available for all inquiries concerning gold investments.