Gold Bullion Bar 10 Ounce
| Weight: | Spot Price: | Buy Price: |
|---|---|---|
| 10.00 oz | € 22,256.08 | € 23,057.30 |
10 oz Gold Bars for Sale
10 oz Gold bars are investment grade gold bullion bars weighing exactly 10 troy ounces (10 oz), or 311.034768 grams. 10 oz gold bars have a fineness, or gold content, of at least 99.9%.
Gold bars (10 oz) are normally rectangular in shape and are either produced as cast or minted bars. Since they are manufactured by a variety of refineries and government mints, the look and feel of a 10 oz gold bar can vary.
Why Purchase Gold Bars 10 oz?
10 oz gold bars are popular in Ireland and sought after by both Irish investors adding bullion to investment portfolios and by store of value buyers alike. 10 ounce gold bars are conveniently sized, affordably priced, and are well-known and liquid in the international marketplace.They generally are sold for slightly lower premiums than 1 ounce gold bars or gold coins (1 oz).
How Much Gold is in 10 oz Gold Bars?
Each 10 oz gold bar has a minimum purity of 0.995 and is normally 0.999 pure or even 0.9999 pure. These bars contain exactly 10 troy ounces of gold. GoldCore only sells gold bars of recognised and widely-traded brands from LBMA approved refineries such as Johnson Matthey, Credit Suisse, MKS PAMP, Heraeus and government mints such as The Royal Canadian Mint and Perth Mint. Perth Mint gold bars remain the most popular bullion bar in the Irish gold bullion market.
How to Buy 10 oz Gold Bars in Ireland?
You can buy gold bars online from GoldCore for delivery in Ireland 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 Ireland and Europe from our depository partner vaults in London. We offer all major bullion bar and coin products for delivery in Ireland and international storage and you can pay by bank wire, credit card or debit card.
Irish people, when storing large sums of gold, tend to opt for larger formated gold bars such as 10 gold bars and kilo gold bars. The main reason to choose such large formats is price, specifically to secure a lower price or premium when buying. Normally these Irish gold buyers do not intend to take delivery and are buying gold on a long term basis and storing it in a safe jurisdiction. From our office in Dublin we provide Irish clients with access to secure gold storage accounts in Zurich, Hong Kong, Singapore and London. The most popular gold Secure Storage location is in Zurich, Switzerland.
Insured delivery of 10 oz gold bars to Irish homes or offices is less popular due to the size and value of the bar. It is more difficult to sell a large-format bar than a small-format bar as the potential for a bar that has been compromised is greater with larger bars. That is why 10 oz gold bars bought by Irish investors are nearly always stored and rarely delivered.
Live Prices
| Order Value | Price | Premium |
|---|---|---|
| € 1,000 - € 130,999 | € 23,057.30 | 3.60% |
| € 131,000 + | € 23,007.22 | 3.38% |
What Other Types of Gold Bullion Products Should I Consider Buying?
When deciding on the best type of gold bar or gold coin to own Irish investors should think about what their investment motivation is (speculating on the price of gold, using gold as an investment hedge against the Irish stock market ISEQ, owning physical gold as insurance against financial crashes and economic collapse), what the investment time horizon will be (short term buy and sell or long term - greater than 5 years or as permanent financial insurance) and what is important about investing in gold (the buying costs, the holding costs, having gold to hand or having gold stored in a safer jurisdiction).
Irish investors buy 10 oz gold bars to secure lower gold prices per unit. Another popular large format bar favoured by investors in Ireland are 1 kilo Gold bars which have 32.1507 of pure gold, or a little over three times the weight of a 10 oz gold bar.
For investors investing on a long term basis we advise a mix of gold bar formats, thus benefiting from on average lower premiums and allowing for most eventualities. GoldCore also allows Irish clients to swap in and out of some gold bar formats without cost in certain circumstances.
How Much is a 10 Ounce Gold Bar Worth?
The price of a gold bar (10 oz) is shown in the upper right section of this page. The gold price of a 10 oz gold bar is calculated using three components:
- Gold spot price. The gold spot price is defined as the price 1 troy oz of pure gold that is available for immediate delivery in Ireland and internationally. 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 quoted by data providers such as Thomson Reuters and Bloomberg. GoldCore quote the gold price in all major currencies and make a market in gold in euros.
- Weight of gold. The weight of pure gold found in a gold bar that is being purchased. A 10 oz gold bar has 0.999 or 0.9999 parts of pure gold, as such the 10 oz gold bar will weigh in gold terms a tiny bit less than the 10 troy oz in weight when impurities are accounted for.
- The 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 Ireland and in international markets. The premium on 10 oz gold bars in Ireland does not change that often as they are rarely traded in any large quantities. Gold bar prices are also impacted by the supply and demand in the market and the amount of gold that the client is seeking to invest - larger sums commanding lower gold premiums.
In order to determine the gold price of a 10 ounce gold bar, simply multiply the spot price of gold by the number of gold troy ounce in the gold bar (10 ounces) and then add or subtract the current premium for that gold bar.
Should Investors from Ireland Buy 10 oz Gold Bars?
10 oz gold bars typically command premiums of between 3% and 4% with GoldCore who offer some of the most competitive premiums in the gold market both for by post in Ireland and Secure Storage internationally. Irish investors storing for the long term should opt for 1 oz bars, even at slightly higher rates, as if they ever decide to sell they can sell in smaller denominations and to a much larger market of buyers then would be available for the 10 oz gold bar. 10 oz gold bars are best kept for secure storage in Zurich or elsewhere.
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.