gold bar formula

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THis is to know how to pay for gold

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  • THE SOUTHEAST ASIAN TREASURE CONNECTION

    Formula for estimating Gold Bar WEIGHT & KARET PERCENTAGE1 kg = 32.15 Troy oz.

    Conversions : 1 oz = 28.35 grams 1 lb = 16 oz 1 kg = 2.2 lbs (35.2 oz.)1 Troy oz = 31.1035 gr. 1 lb = 0.4536 kg 1,000 kg = 1 Ton (long)

    Formula for estimating Gold Bar WEIGHT

    First : Measure Bar Length, Width and Height. Note: if bar LENGTH (L) and WIDTH (W) dimensions are different, than follow example drawing below by first adding the two Widths (W1 + W2) and then dividing this total by 2 to get exact WIDTH. Then use thesame formula to get the exact LENGTH total (L1 + L2 divided by 2 = correct LENGTH).

    Gold % Fineness FormulaDivide Karat % X 24.024

    Karat % Fineness24% .995 - .99923% .95722% .91621% .87420% .83219% .7918% .7517% .70716% .666

    GOLD BAR 15% .624(Side View) 14% .583

    Second : Multiply Bar LENGTH X WIDTH X HEIGHTThird : Multiply ABOVE answer by 19.3 (Specific Gravity of Gold)

    For PLATINUM, multiply by 21.45 (Specific Gravity of Platinum)

    EXAMPLE

    40.64cm (16") X 10.16cm (4") X 10.16cm (4") = 4,195.0883 cubic cm4,195.0883cm X 19.3 = 80,965.204 grams = 80.965 kilograms

    Formula for estimating Gold Bar KARAT Percentage

    If dimensions of : 40.64 Length, 10.16 Height & 10.16 Width = 80.965 kilograms at 24 Karats, then24 divided by 80.965 Kg = .2964243

    So, multiply the actual Kg weight of the Gold Bar X .2964243

    EXAMPLE

    Your Gold Bar has exact dimensions as above sample but actual weight is only 78 Kg. Then, 78.0 Kg X .2964243 = 23.121095 Karats (This is the approx. Karat % of your Gold Bar).

    MORE GOLD BAR KARAT % SAMPLES (Bar with exact same dimensions as above)Bar Weight (Kg) = Karat % Fineness Bar Weight (Kg) = Karat % Fineness

    80.0 23.713944 .987 74.0 21.935398 .91379.0 23.417519 .974 73.0 21.638973 .977.0 22.824671 .95 72.0 21.342549 .88876.0 22.528246 .937 71.0 21.046125 .87675.0 22.231822 .925 70.0 20.749701 .863

    Formula for estimating TRUE Gold Price per Kilogram based on ASSAY

    ConversionChart

    24K = 123K = .95722K = .91621K = .874

    Multiply L.M.E. Gold Price per ounce X Ounces X (See Conversion Chart)

    See Examples Below (Gold Price of US$300 per ounce & One Kg = 32.15 Troy ounces)

    1) US$300 X 32.15 oz. X 1 (24K) = US$9,645.00 per KG.2) US$300 X 32.15 oz. X .957 (23K) = US$9,230.265 per KG.3) US$300 X 32.15 oz. X .916 (22K) = US$8,834.82 per KG.4) US$300 X 32.15 oz. X .874 (21K) = US$8,429.73 per KG.

    GOLD BAR(Plan View)

    W1 W2

    L1

    L2

    H

    Sheet1