Buy 1 Ounce Gold Bar
1 oz Gold bars are investment grade gold bullion bars and each one weighs exactly 1 troy ounce, or 31.1034768 grams. 1 oz gold bars have a fineness, purity, or gold content of at least 99.9%.
One-ounce (1 oz) gold bars are usually rectangular. They are produced either as cast or minted bars. Because 1 oz gold bars are manufactured from a variety of refineries and government mints, their look and feel can vary.
Why Buy 1oz Gold Bars?
Gold bullion bars are some of our biggest selling gold bullion formats in Ireland and globally. They are competitive from a price point of view and very suitable for both insured delivery and secure storage.
Interestingly, Irish clients who buy gold in Dublin from us tend to buy gold bullion bars (1 oz) and frequently prefer to store gold in secure storage in Zurich, Singapore and Hong Kong. Clients who buy gold in Cork generally prefer to take delivery. Clients who buy gold in Galway tend to opt for coins and bars for both delivery and storage.
We meet many clients who buy 1 oz gold bars as investments, as financial insurance and even as gifts. Each bar is packaged in a tamper proof case and as such is protected, making it easy to handle and manage without damaging the gold itself.
Some clients prefer to buy gold bars rather than gold coins as they are generally sold at more competitive premiums and prices.
GoldCore only sells gold bars (1 oz) of recognized and widely-traded brands. Perth Mint gold bars remain our most popular bullion bar but we also offer one ounce gold bars from highly regarded LBMA approved refineries such as Johnson Matthey, Credit Suisse, MKS PAMP, Heraeus, and government mints such as The Royal Canadian Mint, The Royal Mint and The Perth Mint of Western Australia.
How Much Gold is in a 1 oz Gold Bar?
Each 1 oz gold bar has a minimum purity of 0.995 and is normally between 0.999 pure and 0.9999 pure or 24 carat. These bars contain exactly 1 troy ounce (oz) of gold.
For example, The Perth Mint produces a minted gold bar (1 oz) known as Kangaroo gold bars which are popular with Irish gold bullion buyers and investors. Kangaroos are 1 ounce minted gold bullion bars with a fine gold content of 1 troy ounce, a fineness of 99.99%, and a minimum gross weight of 31.107 grams.
The Perth Mint’s 1 ounce bar is rectangular in shape with tapered corners, and measures 41.60mm by 24.60 mm with a 1.71mm depth. In Ireland the most popular weight of gold bar to buy is the 1 oz format, that is because it is relatively small and easy to buy and sell. In Ireland, some Irish gold bullion dealers sell gold bullion bars but then will sometimes not buy gold bullion bars or coins back from their clients or will buy them back but at unreasonable prices and very poor premiums.
How to Buy 1 oz Gold Bars in Ireland?
You can buy gold bars in Ireland online from GoldCore - for both insured delivery or secure storage - using the BUY button or you can call our Irish office to place your order over the phone.
We deliver gold bars and coins fully insured to our Irish clients throughout the island of Ireland - North and South - from our depository partner vaults in Loomis, UK. We offer all major bullion bar and coin products for delivery and storage and you can pay by bank wire, credit card or debit card.
Many of our Irish clients opt to store their gold bars in fully insured, offshore Secure Storage locations. We specialise in offering Irish clients access to allocated and segregated bullion storage in secure non bank vault partners in safer jurisdictions in the world such as Zurich, Hong Kong, London and Singapore.
Insured delivery of gold bars to homes or offices is also popular and many Irish clients do both - take delivery of a portion of their gold in Ireland and own the rest in Secure Storage.
|€ 1,000 - € 49,999
|€ 50,000 - € 99,999
|€ 100,000 - € 249,999
|€ 250,000 - € 499,999
|€ 500,000 - € 999,999
|€ 1,000,000 +
What Other Types of Gold Bullion Products Should I Consider Buying?
We make a market in a range of the most popular bullion bar and coin products. You can buy Gold Krugerrands, buy Gold Eagles, buy Gold Maples, buy Gold Philharmonics, buy Gold Kangaroos and or indeed buy Gold Britannias. If you wish to own a smaller coin and the divisibility benefits of smaller gold coins you can buy Gold Sovereigns.
Irish high net worth investors frequently opt to buy 10 oz Gold bars and 1 Kilo Gold bars. Larger gold bars are normally stored in our Secure Storage vaults internationally.
What is the Price of 1 oz Gold Bar in Ireland?
The price of a 1 oz gold bar is shown in the upper right section of this page. The price of a 1 oz gold bar is calculated using three components including the gold price or gold spot price:
- The Irish gold spot price. The gold spot price is the price 1 oz of pure gold that is available for immediate delivery. It is typically determined by the best bid and offer for gold as offered by large bullion banks trading in real time throughout the world and as provided by data providers such as Bloomberg and Thomson Reuters. GoldCore is the largest dealer in Ireland having been established in 2003. We quote the spot price to Irish clients in real time on our website www.goldcore.com.
- The weight of gold. The weight of pure gold found in a gold bar that is being purchased. A 1 oz gold bar has 0.999 or 0.9999 parts of pure gold, as such the 1 oz gold bar will weigh a little more than 1 troy oz in weight when impurities are accounted for. An investor buying a 1 oz gold bar or gold coin in Ireland would be able to sell that very same weight of gold anywhere in the world with great ease, that is because gold is universally accepted as currency throughout the world. Some gold bars can have purities as high as 5 nines or 0.99999 pure. This additional level of refinement can greatly increase the production costs and as such make such formats far more expensive and less desirable by investors.
- The Irish gold price premium. The gold price premium is defined as a percentage adjustment that is added or deducted from the gold spot price value of the gold bar. The gold premium of a gold bar is determined by the costs of production, refining, fabrication, minting and the logistics of making the gold bar available for sale in the Ireland and in international markets. Gold bar prices are also impacted by the supply and demand in the market and the competitive forces between gold brokers who offer gold bars for sale and the amount of gold that the client is seeking to invest - larger sums commanding lower gold premiums.
GoldCore has been supplying gold coins and bars in Ireland from our offices in Dublin since 2003. In that time we have seen the gold premiums paid by Irish gold investors change primarily due to changes in demand and supply of various coin and bar formats. Irish buyers of South African Krugerrand coins saw premiums as high as 10% in 2008. In order to determine the gold price of a 1 oz gold bar, simply multiply the spot price of gold by the number of gold troy oz in the 1 oz gold bar and add or subtract the current premium for that gold bar.
Should Irish Investors Buy 1 oz Gold Bars?
1 ounce gold bars typically command premiums of between 2.5% and 3.75% with GoldCore who offer some of the most competitive premiums in the gold market. 1 oz gold bars are best suited for secure storage where they can be easily stacked and then sold off in a piecemeal fashion. Gold bars are popular with Irish investors seeking to make substantial investments for storage. This is because these bars have a very low premium relative to other gold investment options and they are easy to store, stack and when the time comes sell on an individual basis.
Please Note - Bar Brands
While all gold bars sold by GoldCore are from LBMA approved refiners and mints, the bars that you will receive may not necessarily be identical to those pictured.