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One should rather refer to this as a gold bar rather than a gold brick. To work out the correct price, you would need the correct weight of the bar in question. A standard London Good Delivery (LGD) gold bar weighs 12.5kg. Now remember that the price of gold changes constantly. If trading on the fluctuating price, this is referred to as Spot Price. The London Bullion (Gold) Banks fix the gold price twice daily, which is referred to a Fixed Price. Take your London Fix per ounce and then multiply by your bar weight. Remember to convert your kg bar weight to ounces first. This will then be the value of the gold bar, but not forgetting to include the premium included by the respective refinery/manufacturer.
TROY OUNCE = A unit of measure equivalent to 31.1034768 grams of gold.
For Example: US$ price x Exchange Rate = 'Currency' per oz divide by 31.1034768 = Price per gram.
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How much is a brick of gold worth?
about 325,000 USD
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A standard construction brick is 3 5/8 x 2 1/4 x 8 inches, and has a volume of 65.25 cubic inches. Gold is dense, and that brick, if it was made of gold, would weigh about 45.68 pounds.The market for gold is volatile, so the brick would fetch of about $1,280,000 at this writing.As a commodity, the internationally traded Good Delivery gold bar weighs 400 troy ounces, or 12.4 kg or about 27.4 pounds avoirdupois.
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