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A gold bar can be defined as a golden object with a definite shape, which bears the name of its manufacturer, the accurate figure of its weight and displays the grade of its purity. Gold bars are sold at a very low interest above the current price of gold. These gold bars are melted to manufacture other gold products such as gold sheets and foils. Even jewelleries are made from these valuable gold bars. Gold bars have international significance and so they are weighed in different nations by different units. In India, gold bars are measured in tolas, while in Taiwan, China and Hong Kong, they are measured in taels. Again in Thailand they are measured in bahts.
Types of Gold Bar
Gold Bars can be broadly divided into two different categories. They are the cast gold bars and the mint gold bars. 500g, 250g and 100g bars are in great demand in Europe, Japan and Brazil. Mint Bars are relatively new.
They can be further classified into a number of bars some of which are listed below:
- Kilobars
- Tezabi Bars
- Baht Bars
- Decorative Bars
- Gold Leaf Bars
- Heart Bars
- Fine Art Bars
- Bullion Watch Bars
- Rainbow Bars
- Tola Bars
- Hologram Bars
- Koban Bars
- Cartoon Bars
Gold Bar Manufacturers:
Mitsubishi of Japan is the engineer of the ‘rainbow’ gold bar. Several ‘bone’ gold bars have been designed by Degussa of Brazil. The pendant gold bar has been immaculately designed by Degussa of Germany. Pan Pacific in Ranchi and Sunkur Impex in Mumbai are the names of some of the recognized Indian gold bar manufacturing companies.
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