Gold is a very precious metal popular around the world. For a lot of people, it is a good investment that could make you extremely rich in a short span of time. What is the best thing about gold? It never depreciates in value. You are poised to make real good money if you put it into gold.
A raw form of gold is a gold bar. It is one way of measuring gold, which has been used since ancient times. A gold bar pertains to a solid block of pure gold. It has a very high value because it is shaped in the simplest way. Any collection of jewelry pieces that are of the same weight as with one gold bar cannot be compared to its value. That’s because you are bound to lose money on the fabrication of the ornament. In its raw form, the gold bar is a favorite piece among gold investors. They enjoy real good profit from it.
How Much Does a Gold Bar Weigh?
So, how much does a gold bar weigh? Well, it differs. The weight of gold bars depends on the size and the unit of measurement used for it. Basically, a gold bar can weigh between 1 kilogram and 12.5 kilograms. People who like to invest in gold love putting their money in kilobars. A kilobar of gold may weigh anything from 200grams to 1000grams. For gold bullion bars, the unit of measurement used is the troy ounce. Each troy ounce is equivalent to about 31grams. Gold bars in some parts of the world are classified as tael. Each tael measures about 50 grams. In India, gold bars are commonly called tola, which is about 10 grams or 0.375 troy ounces.
As much as it is precious, gold is also a very important part of the world’s trade industry, especially for Thailand. The Asian country offers an incredibly wide selection of gold in all forms. It also has no less than 6000 small gold shops and over 60 gold wholesalers all over Thailand.
Most jewelers who are looking for the most precious jewelry pieces flock to Thailand to enjoy its huge selection that comes with a cheap price. Compared to other countries that offer gold, especially the Western countries, Thailand charges a very minimum amount for their gold. That is not to say that the country offers second class gold. It does, in fact, have lots of precious and purest forms of gold on offer.
Thais love jewelries, especially gold. It is given to them in all stages of life from childhood to adulthood. Traditional dowries are offered in gold or in the form of gold ornaments.