We offer you the gold kilo bar at two different rates of fineness (purity). This page is concerned with the 995 (99.5%) 1 kg gold bar and the physical precious markets that you can directly buy and sell them at.
Our 1 kilo 995 gold bullion bars are only available on the Dubai market whilst the 9999 1 kilo gold bars are traded on all of our global physical bullion markets.
These are predominantly refined by Emirates Gold DMCC and Al Etihad Gold LLC which produce the 995 gold kilo bars under the DMCC’s (Dubai Multi Commodities Centre) Dubai Good Delivery standard.
995 fineness gold is still regarded as the traditional trading purity of gold bullion in the Middle East. In 2005 the DMCC decided to formalise this standard into an international benchmark for gold & silver regarding their quality and technical production specifications, known as the Dubai Good Delivery standard.
Our main products page lists all of our physical precious metals items that you can directly access worldwide. These items include gold, silver and platinum bars and coins that are all above a fineness of 995.
The Dubai Good Delivery basically states that gold bullion is to be produced in 1kg bars with a purity of 99.5%, and silver bullion is to be produced in bars that sit within a range of 900-1100 ounce with a minimum purity of 99.9%
Each gold 995 kilo bar carries the following markings:
The imperial measurement of Troy Ounces is still the most widely used bullion weight scale, so for those that may not be familiar or comfortable with the metric weights, here are the approximate conversions:
For the metric orientated, please make sure you use Troy Ounces as plain Ounces are a different weight and your calculations will be wrong.
All transactions on the ABX market for the 995 gold kilo bar are legally binding contracts. Our precious metals brochure contains all of the physical contract specifications for all of our bullion products.
The physical contract specification relating to this 1kg 995 gold bar is:
|Description||1 Kilogram (32.151 fine troy ounces) gold cast bar, of minimum fineness .995, and bearing a serial number and identifying stamp of as per Appendix A* Good Delivery Refiners. Only available at Dubai.|
|Contract Size||1 Kg|
|Price Quotation Currency||USD|
|Price Quotation Unit||1 Troy Ounce|
|Tick Size||$0.01 USD|
|Minimum Withdrawal Quantity||1 Bar (1 lot)|
|Minimal Deposit Quantity||1 Bar (1 lot)|
* Appendix A can be found in our precious metals brochure.
Only a select few of our physical bullion products are eligible to be pledged as collateral within the Allocated Bullion Exchange which include the 1kg gold bar. Both 9999 & 995 are accepted.
This pledge is enabled through the use of ABX’s electronic Vault Warrants (eVWs). In using the eVWs, your 1kg gold bars are physically separated from the remaining bullion in that vault to ensure that they are individually identifiable for the purposes of the pledge.
Until the terms of the eVW have been settled, the pledged precious metals bars cannot be traded (i.e. sold / withdrawn by you or anyone else).
Our eVWs offer you the best of both worlds – physical bullion and cash that you can make work for you.
Even though your gold bullion has been pledged, it continues to remain 100% fully allocated and you still continue to hold full legal title to it, it just remains 'locked' for the duration of the Warrant.
It’s easy to create an account with GoldVu through which you’ll get direct access to all of our physical precious metals markets around the globe, where you will be able to trade, store or withdraw your bullion: