How much will 1 kg of gold cost?

Technical gold: features of use and processing, price per 1 gram

Gold that has not been purified from impurities is called technical gold.

Impurities in one form or another are present in all gold products. Gold also does not occur in nature in its pure form.

Although the unrefined metal is not used to make jewelry, it has many other uses, from electronics to the food industry.

TK is obtained by several methods:

• washing (minerals with a lower density are washed away, and the gold itself is concentrated in slurry - the heavy fraction of sand);
• amalgation (based on the property of mercury to form alloys, including with gold);
• cyanidation of ores (gold can dissolve in hydrocyanic acid and its salts);
• regeneration (a 10 percent alkaline solution is applied to gold salts, followed by precipitation of the refined precious metal onto aluminum).

Industrial gold, depending on the deposit where it was mined, contains impurities of platinum and base metals (selenium, mercury, lead, etc.).

Features of recycling

Processing is due to a sharp reduction in easily accessible gold reserves every year, difficulties in finding “rich” mines, as well as the high cost of mining the precious metal.

https://www.youtube.com/watch?v=pKAS5cAqZsE

Not least important is the environmental aspect of the problem - due to the specific nature of the gold mining industry, there is always a risk of mercury loss during the processing of sands and ores, which is fraught with environmental pollution.

The main suppliers of raw materials for the recycling of technical gold are:

• non-ferrous metallurgy;
• electronic, instrument-making industry.

It is these sectors of the economy that processing enterprises provide:

• gold-containing alloys ;
• rejected parts ;
• powdery waste .

Refining is understood as a set of technological processes for purifying industrial gold from impurities.

The entire processing cycle includes chemical and physical methods, concentration and production of metal of a given chemical purity.

The following are subject to refining:

• scrap (technological, jewelry);
• sludge from electrolytic purification of nickel, silver, copper, zinc;
• gold mine concentrates

Regardless of the type of raw material being processed, it is prepared before refining:

• alloyed with zinc;
• crush;
• burn.

The first stage is chemical refining . A variety of radio components are subjected to this processing:

• electrical contacts;
• capacitors;
• relay;
• resistors.

iron-containing compounds are separated from the total mass , after which copper, tin, and zinc remain in the raw materials.

It is treated with 30-40% nitric acid . Decant - gold precipitates .

Next, the sediment is diluted with hydrochloric acid (20 ml of liquid/1 ml of sediment), heated, and nitric acid is added drop by drop. The resulting solution is evaporated, filtered, and a heated saturated solution of ferrous sulfate is added.

The final product of the reaction - gold - is released in the form of a brown precipitate, which is well filtered .

Other cleaning methods:

1. Electrochemical - used in production when gold with a purity of at least 900 is present.
2. Miller - chlorine gas is passed through gold-containing raw materials. The process is dangerous and requires special hoods.

The bulk of this gold goes to the production of electronics . After processing, this material again ends up in microcircuits and radio components.

A thin layer of metal is applied to the contacts of PC motherboards, parts are soldered using it, and conductors are made.

Technical gold is found in our mobile phones and other familiar things, the composition of which we often don’t think about.

Other applications:

• dentistry (dentures);
• Some isotopes of technical gold are used in radiotherapy to treat cancer and tuberculosis;
• pharmacology (added to some medications).
• aviation, instrument-making industry.

A thin layer of technical gold applied to the inner surfaces of stained glass or window glass significantly reduces unwanted heat loss during the cold season.

A separate area is gilding of metals. This technology helps protect materials from corrosion.

Price per 1 gram

On average, the price for 1 gram (in terms of 999 samples) of technical gold in Russia ranges from 2,200 to 2,700 rubles .

This figure depends on a number of factors:

• volume of metal production for a certain period;
• demand for gold from equipment manufacturers;
• exchange rates;
• distribution of gold reserves by the country's central banks.

Organizations and individuals are engaged in purchasing precious metal .

work with people and companies without a license only at your own peril and risk, because you may encounter scammers.

You can sell technical gold to specialized purchasing and processing points.

Conclusion

So, technically it is customary to call gold that has not been purified from impurities. This metal is widely used in medicine, radio electronics and instrument making. In everyday life you can find it mainly in radio components and devices.

Due to depletion, difficulties in finding new mines rich in gold reserves, as well as the high cost of mining precious metals, the relevance of recycling .

The main supplier of raw materials for processing is non-ferrous metallurgy, followed by the instrument-making and electronics industries. The cost of 1 gram of technical gold in the Russian Federation averages 2,500 rubles (in terms of 999 samples).

Source: https://rcycle.net/metally/dragotsennye/tehnicheskoe-zoloto-tsena-za-1-gramm

The cost of a kilogram of gold and factors influencing it

In this article:

• Price formation process
• Trend analysis

Gold is an expensive metal whose price only increases over time. The high cost of aurum is explained not only by the fact that this metal is rarely found in nature, and its reserves are limited.

The financial costs of searching for deposits of precious raw materials, purchasing and maintaining appropriate equipment and hiring labor are also enormous.

The question of how much a kilogram of gold costs is of interest to many people, even though citizens investing in aurum purchase the precious metal in the form of multi-gram bars. Before finding out the cost of 1 kg of gold, it is important to know what the price of this metal depends on.

Gold bars 1 kg

Price formation process

Today, the price of gold is an informative indicator reflecting the state of the country's economy. The cost of 1 kilogram of aurum is influenced by the following factors:

1. US dollar exchange rate on the world market: if the American currency strengthens its position, then the cost of gold begins to fall, and there is an explanation for this. A rising dollar is seen by investors as a signal to immediately sell reserves of precious metals and redirect capital to purchase foreign currency. An increase in the supply of aurum leads to a decrease in its cost.
2. Natural disasters in countries exporting “solar” metal: natural disasters interfere with the well-established extraction of the resource, which leads to a decrease in its supply in the corresponding market segment. Because of this, aurum adds value.
3. A rise in the price of gold may also occur against the backdrop of active purchases of the precious metal by the central banks of the leading countries of the world.
4. The conditions of the shadow market of aurum can also influence how much the investment object is worth.

Trend analysis

The price of a kilogram of gold is an unstable, but quite predictable indicator. Having knowledge about the current economic situation in the country and the peculiarities of the formation of the value of a precious resource, it is possible to predict the main trends existing in the aurum market.

Since the beginning of the twenty-first century, gold has only become more expensive, but the price of raw materials could not help but be affected by the global economic crisis of 2008-2009. For several months in a row during that period, the price decreased quite rapidly, but already in February 2009 the metal began to rise in price again. Over the past few years, the maximum cost of aurum was observed in 2011 - then a troy ounce (31.1 grams) of raw materials cost $1,200. As of February 2017, an ounce of aurum costs US$1,222.

What is the price of a kilogram of “solar” metal? To get an approximate value, you should multiply the cost per gram by 1000. For example, if you divide 1222 by 31 and then multiply the result by 1000, you will get the result of 39,419 US dollars. A kilogram of precious raw materials will cost approximately this amount.

A kilogram bullion of precious metal can be purchased at a commercial bank. The investor needs to take into account that he will have to pay not only the cost of the bullion, but also VAT (this is 18% of the price of the bullion), as well as a bank commission. When purchasing an ingot, the bank client receives a certificate that contains information about the metal, its fineness, the weight of the ingot and the refinery.

Source: https://HochuZoloto.com/kotirovki/skolko-stoit-kilogramm-zolota.html

How much does 1 kg of gold cost?

Every resident of the country dreams of having a certain investment, for example a kilogram of gold. You need to know how much the most popular precious metal costs in order to correctly distribute funds when diversifying investments.

What does the gold rate depend on?

Exchange rate quotes for precious metals are set by the largest stock exchanges in two forms:

• per troy ounce (31.1034768 grams);
• per kilogram (1000 grams, or 32.1507466 ounces).

For example, you happened to see a kilogram of gold. How much this treasure costs can be easily found out from the daily information on the website of the Central Bank of the Russian Federation.

Several factors influence price formation:

1. US dollar exchange rate.
2. Decrease in metal production due to the influence of natural factors.
3. Stability of the precious metals market.

Several factors influence the gold price

Gold cost

The cost of 1 kg of pure gold today is determined by multiplying the discount price of the Central Bank by the hallmark coefficient (thousandth of the fineness) and the number of grams that make up the bullion. So, for a kilogram of jewelry gold, depending on the sample size, on the Russian market they give:

1. 375 sample - 840,000-890,000 rubles.
2. 585 sample – 1,300,000-1,420,000 rub.
3. 750 sample – 1,680,000-1,800,000 rub.
4. 999 sample – 2,150,000-2,390,000 rub.

The cost of one gram is indicated by the Central Bank in the equivalent of a troy ounce. In November 2018, it fetched $1,234 on the London Spot Exchange. Accordingly, one kilogram costs 32.1507466 x 1234 x 65.46 = 2,597,061 rubles. The price depends on what types of gold the institution prefers to operate - scrap, coins, bars or compulsory medical insurance. Scrap gold is about 30-40% cheaper than bars and coins.

The price of a troy ounce in 2018 fell from $1,350 (February) to $1,234 (October). In the long term, it is necessary to take into account changes in the global political arena and the possible erosion of the authority of the dollar as the main unit of account. But for 1-2 years, before calculating how much a kilogram of gold costs in rubles, you need to know its exchange price in US dollars.

What kind of gold can you buy?

Gold can be purchased in several ways:

1. Ingots. This type of investment is suitable for those who have sufficiently large financial reserves, and diversification will not have a big impact on the current state of the bank account. For long-term storage, you can buy from the bank, for example, 10 kg of gold. This will mean that 25 million rubles are successfully invested and reliably stored for several years.
2. Coins. Investment or commemorative gold coins of the Central Bank of the Russian Federation are a popular way to invest small amounts. The period of storage (ownership of coins) is determined by the buyer himself and depends only on external circumstances - exchange rates, gold prices, and other non-economic factors.
3. Compulsory medical insurance. For those who do not want to store coins at home, opening an impersonal metal account at a bank is suitable. It is convenient, safe and profitable, since you can close it after learning about a fall in gold prices on the spot exchange.
4. Jewelry. A specific type of investment that provides profit only upon subsequent sale through a pawnshop or on the secondary market. As a product, “jewelry” is used only in large quantities.

When purchasing an ingot, be sure to weigh it

Ingots

It must be said right away that the sale of gold bars is the prerogative of only a few of the largest banking institutions in the Russian Federation. Over 60% of this market was accumulated by Sberbank. He sells bars weighing from 1 to 1000 g. But this does not mean that you cannot buy 5 kg of gold. You need to be very careful when calculating future benefits, not forgetting about value added tax.

Ingots require special, very strict storage rules. As a rule, banks provide services for storing them in safe deposit boxes.

If a reverse operation (sale of a bullion) is carried out to receive cash or non-cash funds, the bank may refuse to accept it due to discrepancies in various parameters. First of all, in appearance.

If the bank refuses to buy the bullion, it can be sold on the secondary market, but at the price of scrap. The negative spread (the difference between the purchase and sale prices) for the owner of the bullion increases, and the benefit from the transaction becomes extremely doubtful.

Investment coins

The “coin” business is simpler than other transactions with a bank for the purchase of gold. Everything is done openly and quickly. It is necessary to take care of the proper storage of purchased valuables:

• in a safe deposit box;
• at home.

Investment coins can always be easily sold to a banking institution. The only conditions that the financial institution sets in this case are the proper appearance of the coin and the presence of a certificate issued by the bank upon sale. Without it, the coin immediately becomes scrap and is purchased by the bank in exceptional cases at a price half the selling price.

Commemorative coins, in addition to the actual price of gold, have antique value, since their issue is always timed to coincide with some events in the life of the state. They appear on the secondary market less frequently. However, if the storage rules are followed, they can be sold profitably after many years, since the upward trend in gold prices will not change in the long term.

Compulsory medical insurance

An unallocated metal account is a profitable option for storing gold in a bank without physically purchasing it. The profitability of such a transaction depends entirely on the dynamics of prices in the market. In addition to gold, OMS is opened in three more precious metals:

• silver;
• platinum;
• palladium.

The bank, as a rule, does not charge a fee for servicing compulsory medical insurance. However, when closing an account, you should remember that the bank issues money at the metal acquisition rate. He includes his own profit from this type of service in a spread of 3-4%. The client can deposit and receive the amount due either in gold or in cash equivalent. Transactions using compulsory medical insurance are not subject to value added tax.

The only serious drawback of impersonal accounts is that they are not subject to deposit insurance legislation.

Jewelry

A very limited field for making a profit from the sale of gold. In Russia, 585 gold is used to make jewelry, which has a fairly large amount of impurities. Storing and using jewelry negatively affects its appearance. Jewelry can only be sold on the secondary market, at a significant discount from the price at which it was originally purchased.

The most realistic way to invest is to purchase jewelry made to exclusive orders. Their cost is significantly higher than others, and their value is confirmed by special certificates and expert opinions. This type of investment is acceptable during the period.

Where is the best place to buy gold?

To make full use of the investment properties of precious metals, you should understand how to most profitably purchase them. The best way to invest money in gold is to purchase gold bars and coins. They can be purchased profitably at any major banking institution in Russia.

There is one nuance that has made the purchase of coins a more popular type of investment. When purchasing bars, they include the price per kg of gold and VAT, which is charged at 18% according to the Tax Code. Investment coins are slightly more expensive than bullion (by 4-6%), but they are free of price increases, just like an impersonal metal account. In addition, gold can be purchased from refineries and jewelry trading houses.

The price of 1 gram of 999 gold today and what determines it?

How much does 1 gram of gold cost? In reality, it is impossible to immediately name the price of gold, because... it all depends on the goals being pursued. There are many prices for gold - each market has its own prices. In Russia, the Central Bank publishes the gold rate daily, the so-called discount prices for 1 gram of 999 gold. [cbr-text-informer metall=»au»] ​​But accounting prices are not used for purchase and sale transactions, but only for accounting of credit institutions.

The Central Bank's rate, of course, reflects the current situation on the international gold market, but if the task is to buy or sell the yellow metal in bullion or in impersonal form, then you need to focus on gold quotes from commercial banks that carry out such transactions with individuals. Traditionally, the price of 1 gram of 999 gold in Sberbank of Russia reflects the cost of the yellow metal of the entire Russian gold market.

[sbrf-text-informer metall=”au”]

Trends or what is a soap bubble?

The transformation of the number one precious metal from a risk hedge into a tool for investment and speculation has destroyed the established principles of gold price formation. Excessive demand from private investors, funds, central and commercial banks has caused an unprecedented increase in the cost of a gram of gold. Over 10 years, the price of gold per gram in Sberbank increased from 258 to 1,622 rubles .

Change in the price of 1 gram of gold over 10 years in Sberbank of Russia

The rapid growth is driven by the movement of investor funds from securities and real estate to more reliable assets such as gold. Along with the record growth rate of the price of the precious metal, the skepticism of experts is also growing, who doubt the further prospects for an increase in gold prices. Calls to stop buying up the metal, which has risen considerably in price, are becoming louder and louder. Experts fear the emergence of a new “soap bubble”.

We recommend reading: Spot gold market

A “soap bubble” in the economy is the trading of goods at prices significantly higher than their fair value. Inflating a “bubble” is based on purely emotional reasons - prices rise because the product is being bought, and they are buying because they expect a further increase in price. In recent years, the bursting of the Internet and real estate bubbles has ruined thousands of investors.

To figure out whether the price of gold is really 1600-1700 rubles. per gram is justified, it is necessary to know the fundamental factors influencing it.

Factors influencing the price of gold

The main factor that previously determined the cost of 1 gram of 999 gold was the volume of metal mining. Gold mining companies have always tried to maintain an established balance of supply and demand, because an increase in the volume of metal production reduces its cost (one of the main reasons why gold has always been valued is its rarity), and, accordingly, the net profit of the companies.

The main consumers of gold have always been manufacturers of jewelry and high-tech products. They buy precious metals for use in commercial activities; their demand volume is easy to predict. Increased demand from industrialists and jewelers leads to an increase in the cost of a gram of gold for the end consumer.

We recommend reading: What will happen to the price of gold in 2015?

Other large buyers regulating demand are investors who hedge (insure) their risks in the foreign exchange market. World gold prices are closely tied to the US dollar, so the value of the US currency also affects the price of gold. As a rule, there is an inverse relationship between the dollar and gold - when one of the instruments rises, the other falls.

Central banks have a certain influence on the exchange rate of precious metals. Gold reserves account for 50-70% of the gold and foreign exchange reserves of developed countries. The intentions of large states to accumulate or distribute part of their reserves will certainly affect the gold rate.

For the average consumer who wants to invest in precious metals, it is almost impossible to predict changes in fundamental factors - too little information is freely available, and what is publicly available has already been taken into account by the market. Real-time gold quotes work online around the clock, reflecting the slightest market fluctuations.

Price of gold in various forms

On the Russian market, the price of a gram of gold is influenced by its form: gold bars, unallocated metal bills or coins.

• The cost of gold bars is higher than the market price due to the need to pay VAT of 18%. In addition, the bank charges a commission for issuing precious metals in bullion.
• Anonymized metal accounts are best suited for investing in gold. In this case, the bank client does not spend money on storing, transporting and protecting the metal, and can always quickly sell the existing gold. And VAT is not charged, which significantly increases the profitability of compulsory medical insurance.
• The price of investment and commemorative gold coins depends not only on the current gold rate, but also on a number of other factors. So for commemorative coins, the cost reflects the complexity of the coin’s execution, the use of additional elements (gems, holograms), the exclusivity of the collection, and the circulation of the coin. Some collectible coins are real masterpieces, and after decades, the main profit will come not from the increase in the price of gold per gram, but from their collectible value. The cost of investment coins, oddly enough, is also not strongly tied to the current price of the metal. Banks set the buying and selling rate for investment coins in the same way as for foreign currency. In addition, the final cost of the coin, and accordingly the cost of gold per gram in this coin, is reflected in the condition of the coin (presence of external defects, scratches and burrs), and the presence of original equipment. And if the condition of the coin is far from ideal, then the bank has the right to refuse to repurchase such a coin. Coins in poor condition are in demand among jewelers and are sold as scrap gold.

Source: http://inzoloto.ru/cena-na-zoloto/cena-1-gramma-zolota

How much does a kilogram of gold cost: official price for 1 kg

Probably many, at least once, have wondered how much a kilogram of gold costs?

The price of a precious metal is determined by its function

The answer to this question depends, first of all, on the purposes for which you are interested in this. It should immediately be noted that this precious metal performs several functions in today’s market economy:

• Raw materials for industry
• Jewelry
• Measured gold bars for savings
• Metal bank accounts
• Collectible gold coins
• Exchange-traded financial instruments (futures and options contracts, etc.)

Pricing in each of these cases has its own specifics. Prices are influenced by market mechanisms - the balance of supply and demand, the cost of mining and processing of precious metals, stock exchange quotes, etc.

Price today

The main price reference point in determining the price of a precious metal for a specific date is the exchange quotation of the precious metal in US dollars. The stock quote is currently $1,188.70/troy ounce (November 2016). The Central Bank exchange rate is 64.62 rubles/$ and a troy ounce is almost 31.1 grams. That is, the stock price for gold in rubles is 2,469.80 rubles/gram at the moment.

Again, depending on the purpose of using the precious metal, the quotation can be set only for today, for a certain period of time or for a specific contract.

We are probably most often asked the question “What is the price of a kilogram of gold?” when it is related to the purpose of saving or conservative investment.

The most convenient ways to save in gold is to buy bullion at a bank or open a metal bank account.

Let's take a closer look at these two options. Let's try to figure out how much 1 gram of this precious metal costs, and then we will get the price of 1 kg of gold by multiplying the price of 1 gram by a thousand.

Convenient investments

For our “savings purposes”, the exact price of a gram of 999 fine precious metal is set daily by the Central Bank of the Russian Federation and publishes it on its official website. For example, the price of gold today at the Central Bank exchange rate is 2,466.91 rubles/gram (November 2016). But the official price of the Central Bank is not used directly during purchase; it is the basis for calculating gold prices in credit and other organizations.

Note that the cost of the precious metal in an ingot is higher than exchange quotes, due to 18% VAT and the added value of the manufacturer and seller. That is, the real cost of 1 gram of bullion will be significantly higher. How much a gold bar costs depends on its weight; only standard measured bars are sold in banks. The main thing in a bank bullion is the purity of the precious metal content and compliance with the standard. For an ingot with a fineness of 999, the standard content of precious metal is 999 grams in one kilogram of the alloy.

The most economical investment option would be to open a metal account at a bank. In this case, there is no need to pay VAT, because the investment does not have a physical form; there is no need to remove an expensive safe deposit box to store bullion. In addition, it is a very liquid investment that has the same market value and can be easily converted into cash. The rate for Sberbank gold metal accounts today is purchase 2,324.74 rubles/gram, sale – 2,759.26 rubles/gram.

How much is a kilogram?

So, how much is a kilogram of gold worth today? Based on the above exchange rate data, we get that 1 kilogram of gold in a metal account today costs 2,759,260 rubles. And how much one specific measured gold bar costs today, you can only find out at a bank branch.

The average price of gold on the stock exchange in 2016 was $1,200/troy ounce, but time will tell how much it will cost next year. The price of gold per 1 gram or the price of 1 troy ounce is very variable and is influenced by a huge number of factors.

Quotes are strongly influenced by the economic and political situation in the world, the presence of stock market speculation, currency fluctuations, and the accumulation of risks in the economy. Every year we witness how gold quotes can change by 5-10% per day. Any exchange-traded assets have very sharp price jumps in one direction or another.

Sharp crashes and sharp rises in prices often occur on stock exchanges, and 2016 once again demonstrated this to us all. Suffice it to recall Brexit and the US elections. Any investment in exchange-traded assets requires caution and diligence.

Therefore, in order to get a good profit from investing in gold, you need to at least study the current market situation.

Source: https://ToZoloto.ru/grafiki/kursy/skolko-stoit-kilogramm-zolota.html

How much does a kilogram of 999 gold cost in Russia?

Gold inspires confidence in the future. Amazing but true. Metaphysical feeling is easily calculated using a tangible quantity. Now you can buy and sell yellow metal bars at almost any commercial bank. You just need to know how much a kilogram of gold costs in rubles today.

Simple substance

In 1869, D.I. Mendeleev formulated the periodic law, which establishes the relationship between atomic weight and the properties of a chemical element. According to the classification proposed by the Russian scientist, gold occupies 79th position. The noble yellow metal is a simple substance because it consists of atoms with the same electrical charge of the nucleus.

In Russian, the word “gold” comes from the Old Slavonic “zlato”, one of the translations of which defines the category “yellow color”. The first letters of the Latin morpheme aurum give the symbol for the periodic table element Au.

Properties of gold

Gold belongs to the group of heavy metals. Its density is 19.32 g/cm³. If a soccer ball with a diameter of 30 cm is cast from pure gold, then such a sports equipment will weigh 272.992 kg. The heaviest metal on the planet is osmium, whose density is 22.61 g/cm³.

Gold begins to melt at a temperature of 1064˚ C. Boiling occurs when it reaches 2856˚ C. Having overcome the melting point, the metal intensively evaporates and the density decreases. The chemical element conducts heat and electric current well.

The plastic material has a hardness on the Mohs scale of about 2.5 units, which is comparable to the strength of a nail. The softness of the substance makes it possible to obtain sheets one micron thick , which are called “gold leaf”. In thin products, a blue-green tint is added to the yellow color of the metal.

Chemists classify Aurum as inert substances that do not interact well with alkalis and acids. Gold dissolves in saturated chlorine water, mercury or a concentrated mixture of hydrochloric and nitric acids taken in a 3:1 ratio. At temperatures above 300˚ C, the precious metal reacts with fluorine. Gold items react with liquid bromine and potassium iodide solution.

Precious metal mining

The main gold reserves are concentrated in granite rocks and deposits with complex minerals, which are called placers. The physical and chemical properties of the Au element are used in extracting the precious metal from rocks.

At the initial stage, the ore is washed. Due to its high density, gold is collected in the enriched fraction of the rock. The process of purifying the substrate takes place in special installations - dredges. In addition to the precious mineral, the resulting concentrate contains associated heavy minerals.

The second stage of cleansing takes advantage of Aurum's ability to interact with mercury and zinc. The moistened concentrate is mixed with these metals. In the first case, an amalgam is obtained, in the second case, cyanides are formed. Then, by distilling the mercury mixture or treating the zinc dust using simple chemical reactions, a pure product is obtained. A prerequisite for the process is the presence of oxygen.

The top five countries producing gold raw materials include:

• People's Republic of China.
• Australia.
• Russian Federation.
• USA.
• Canada.

Areas of use

From time immemorial, money has been minted from yellow metal. For a long time, valuable coins remained a means of payment when carrying out trade transactions. Over time, paper banknotes became the equivalent of “despicable metal”, and ancient coins passed into the collections of numismatists.

Gold is a traditional material for creating jewelry. In combination with silver and copper, alloys of various grades are obtained. The metal is used to make state awards, sports prizes, jewelry, cutlery and dishes.

Gold and foreign exchange reserves are considered an important component of the state financial system. Gold reserves in developed industrial countries reach 20% of the total amount of external assets. The precious metal is a source of liquidity for central banks.

In industry, gilding of surfaces that are exposed to the environment during operation is common. Microcircuits use contacts and printed circuit board elements made of precious metal. Gold plates are used as targets in scientific studies of the atomic nucleus.

In cooking, tinsel is used to wrap expensive sweets. In dentistry, dentures and crowns are made from alloys of gold with other substances. Pharmacists introduce compounds of this metal into medications used in the treatment of tuberculosis. The Au₁₉₈ isotope is used in the irradiation of oncological tumors.

Cost of a precious kilogram

From the beginning of the 15th century, gold became the monetary unit used to pay for goods and services. The high cost of the metal with low weight and volume, as well as ease of identification by color, malleability and acoustic characteristics, became the reason for choosing gold coins as a means of payment. But the evolution of commodity-money relations led to the displacement of the precious metal from direct circulation by paper banknotes.

There are several reasons for refusing to use gold as a primary currency:

• limited mining and production of gold did not allow for rapid additional emission;
• moving gold reserves required unreasonably high technical and monetary costs;
• Damage and loss of coins upset the balance of monetary circulation.

History of the gold price

The US government in 1792 established that a troy ounce - 31.1 grams - of gold costs $19.3. After 42 years, there were no longer enough gold reserves to provide cash. The price of the metal rose to $20.67. In 1933, American authorities confiscated gold from the population and financial institutions to stop the crisis known in history as the Great Depression. The price per ounce settled at $35.

In 1944, at the Bretton Woods conference, representatives of 44 countries signed an agreement under which national currencies were strictly pegged to the dollar, and US money to gold. Until the end of the 60s of the last century, the price of gold did not change.

In 1970, the American economy was suffering from inflation. President R. Nixon ordered that the dollar's backing with gold reserves should not be taken into account. The value of the valuable metal began to float freely. Fluctuations in the exchange rate were legislated by the currency system adopted in 1976 in Jamaica.

From this moment on, the value of the asset is constantly growing. In 1978, the price was $200 per ounce; in 2006, it was $620. At the beginning of 2018, the price of 1 kg of gold in dollars reached $1,320.

Variable value

The unstable financial situation in the country forces a person to look for a safe haven in assets that have imperishable value. International conflicts and hostilities also push the average person in search of a “safe haven” of well-being. The population begins to exchange paper money for precious stones and metals. The price of gold is increasing.

Precious metal as a commodity is the object of stock exchange speculation. The laws of the market come into play. Price is regulated by the interaction of supply and demand. The movements of stock quotes of the American dollar and gold are interconnected. A falling currency causes the value of the yellow metal to rise. Conversely, a strengthening dollar reduces the cost of a troy ounce.

The price of gold depends on the amount of metal mined and the cost of technological processes required in its production and processing. Changes in demand for jewelry or industrial products that use the precious metal also affect the price of gold.

Price - data in numbers

The world's leading platforms where gold is traded are the London Stock Exchange and the New York Mercantile Exchange. Here the price is formed, which is used in accounting calculations by financial institutions in all countries. In the capital of Great Britain twice a day - at 10:00 and at 15:30 GMT, a fixed price for a precious bullion is announced. The procedure is called London gold fixing.

The announced figures are used by the Russian Central Bank to calculate the exchange rate value of gold in the country. Based on the official rate, quotes are set by other commercial banks. On the website of the Savings Bank of Russia, in the “Precious Metals” section, it is displayed how much a kg of gold costs in rubles for the current day. On this page you can familiarize yourself with the conditions for purchasing 999 fine ingots.

The exchange rate of the yellow metal is constantly changing. For example, on September 1, 2018, the price of 1 kilogram of gold in rubles was 2,640,210. Two weeks later, the cost of 1000 grams rose to 2,662,750 rubles. By October 1, there was a drop to the level of 2,498,930 rubles. Stock market specialists predict a decline in the value of the precious metal, which may continue until the beginning of summer 2019.

The 2018 FIFA World Cup opened in Russia on June 14. On this day, the price of 1 kg of gold in rubles at the rate of the Central Bank of the Russian Federation was 2,562,100. A game ball cast from yellow metal would cost 699,430,241.1 rubles. This is football arithmetic

Source: https://VseoMetallah.ru/financy/skolko-stoit-kilogramm-zolota

How much does 1 kg of gold bullion cost in rubles: price for today

Investments in precious metals have always been considered a reliable way to preserve and increase capital. For centuries, gold in any form was a universal unit of payment and the question of how much a kilogram of gold cost did not arise. However, from the moment the rare alloy became a commodity, the situation changed radically.

Depending on the form of presentation, the price of the precious metal changes so much that instead of the expected profit, you can lose your invested funds. For example, when selling bars or coins, the profit amount will be equal to the difference between the purchase and sale prices, and jewelry, with rare exceptions, can only be sold as precious scrap.

Purchasing bars or coins made of precious metals has a number of undeniable advantages:

• coins of various denominations and weights go on sale;
• a large assortment of ingots weighing from 1 to 1000 g is presented;
• information on the official cost of buying or selling gold is published daily and is available to everyone.

How much are gold bars worth?

Ingots are produced at specialized refineries in accordance with GOST. The price of a kilogram of gold depends on the method of manufacturing the product - stamping or casting. Depending on the purpose, standard and measured ingots are distinguished.

Products weighing strictly from 11,000 to 13,300 g and containing at least 99.95% pure gold are called standard. A standard block is made in the shape of a truncated pyramid, with obligatory markings on the lower base. The presence of extraneous stains, dents or scratches is not allowed.

The cost of 1 gram consists of the price of the metal, the costs of the manufacturer and transportation services. Standard ingots are used for storing or transporting metal to a place of further melting into various products - wires, parts, jewelry.

Measured bars have denominations from 1 to 1000 grams. The price of 1 gram of gold will be maximum, since the alloy of the highest 999.9 purity is used. The shape and size of the bars are not regulated, but the presence of dirt, scratches or grease stains is not allowed. When marking measuring ingots the following is indicated:

• country of origin;
• nominal weight;
• name of metal;
• try;
• individual number;
• trademark of the refinery.

In addition to marking, each measuring ingot has a certificate from the manufacturer.

Depending on the manufacturing method, the price tag for finished products may vary slightly. In the Russian Federation, 2 manufacturing methods are used - casting and stamping. Stamped ingots are produced weighing up to 500 g, are labor-intensive to manufacture and have a higher price compared to casting.

To calculate how much a kg of gold bullion costs, you need to know the specifics of how the price of the metal is formed.

Since the Middle Ages, the troy system of weights and measures has been used when buying or selling gold. Exchange quotations are calculated in US dollars per 1 troy ounce. To carry out trade transactions within the country, the Central Bank of the Russian Federation recalculates prices daily using a generally accepted system of measures. So, 1 kg of gold is about 32.1507 troy ounces.

When determining the price of a precious metal, the following are taken into account:

• the costs of refineries for the production and marking of ingots;
• transportation and storage costs;
• mandatory certification of finished products;
• bank profit.

The total cost of a kilogram of gold in rubles increases by 10-30%.

When storing purchased bullion outside the walls of a bank vault, VAT is charged on the price. This feature must be taken into account when planning finances, and how much a gram of gold costs can be easily calculated by adding the VAT amount to the price of the metal.

Gold price charts

Although gold has ceased to serve as a means of payment, its purchase is still a favorite way to invest capital. In addition, the gold rate is an indicator of the state of the global economy. The cost of the alloy increases when world currencies weaken, during periods of economic or political crises. Stabilization of the foreign exchange market, the price of hydrocarbons and a decrease in inflation negatively affect the price of the metal.

Investing in precious metals is a long-term project. Depending on the purity of the sample, the price for 1 gram of gold varies heterogeneously. In order to predict possible profits, it is necessary to have the most complete information about price fluctuations for at least the last 5 years. The necessary information can be obtained from gold price charts published on the pages of stock exchanges and world banks.

The information presented in the charts contains information about how much 1 kilogram of gold costs in world currencies. Information is updated online throughout the working day. For a comparative analysis of price changes for precious metals, you can use chart archives or simulate your own. When creating a chart, it is easy to take into account indicators such as time frames and the cost of gold in dollars or other currencies.

How is the price of 999 fine bars determined?

The price for 1 kg of gold bullion is formed from several components. First of all, these are the costs of the alloy itself, the costs of producing ingots and their transportation.

The 999 fine bar is 99.99% pure gold and has the highest price. The almost complete absence of foreign impurities does not allow the use of 999 fine metal as a basis for jewelry, because products made from it will be soft and will quickly break.

Most often, high-grade alloy is used as a means for long-term investment. Also, 999 gold acts as the main insurance element in the foreign exchange markets.

The price of gold depends on the volume of metal production and the relationship between supply and demand. The leading buyers of high-grade alloys are the high-tech and jewelry industries. The change in market value has a clear seasonal nature, associated with an increase in the number of purchases of jewelry and precious metals in the second half of the calendar year.

On the world market, the price of 1 gram of gold is directly related to the price of the reserve currency - the US dollar. More precisely, the dependence is inversely proportional - when the dollar exchange rate falls, the cost per 1 gram of metal increases.

World prices for precious alloys are set on the London Metal Exchange. The correction occurs daily, taking into account the results of two trading sessions. The next stage in market price formation is trading on national exchanges. Depending on the economic and political situation within the country, the difference between world and national quotes can be significant.

The physical gold needed to support the required volume of trading on the London Exchange is held in the Bank of England vaults and commercial vaults in London.

Advantages of investing in precious metal

The main advantages of investing in gold include:

1. Versatility. Precious metal can be converted into monetary units of any state.
2. Easy to store and durable. Apart from safety measures, no special conditions are required for the safety of bullion. Gold does not dry out, does not rust, does not collapse. After a year or 100 years, the weight of the ingot will remain unchanged.
3. Internationality of metal. Regardless of the economic situation in the world, political system or religion, gold is valued always and everywhere.

Disadvantages of investing in gold options

When investing in the precious metal, consider the following:

• the price of gold when selling is lower than when buying it from a bank. To receive income, you will have to wait until the price per gram at sale exceeds the purchase price.
• Unlike foreign currency deposits, the profitability of investments in precious metals fits into one formula: buy cheaper, sell more expensive. It will not be possible to obtain additional income in the form of the same interest for the use of funds;
• the final price of metal in bullion is higher than exchange quotes. The difference includes the costs of the manufacturer and seller of bullion, as well as the amount of VAT.

What is the best gold to buy?

In Russia, the price of gold is set daily by the Central Bank of the Russian Federation. Implementation is carried out by several leading banks.

Options most accessible to the population:

1. Buying gold in measured bars. Standard ingot weight is from 1 g to 1 kg.
2. Purchasing gold coins - commemorative or investment.
3. Opening an impersonal metal account.

In the first two cases, physical metal is purchased and delivered to the owner. When opening a compulsory medical insurance, a certain amount of gold is listed on the buyer’s account. Each method has its own advantages and disadvantages. For example:

• when purchasing metal bullion, you will have to pay VAT;
• investment coins are not taxed, but the price of 1 gram of gold will be significantly higher than when buying bullion;
• the use of compulsory medical insurance allows you to avoid paying VAT, but this type of investment does not fall under the law on compulsory insurance of household deposits. In case of bankruptcy, compensation payments for these deposits are not provided.

Regardless of the form of acquisition, gold remains the most attractive object for long-term investment.

Source: https://ZolotoMan.ru/kotirovki-zolota/ckolko-stoit-1-kg.html

The cost of a kilogram of gold and factors influencing it

The price of gold in the central bank

Gold is a metal that leaves almost no one indifferent, and all thanks to its attractive appearance, resistance and durability. In addition, gold, unlike currency, stocks, bonds and real estate, has always been considered an attractive investment. For this reason, many are interested in the question of how much a kilogram of gold costs in US dollars.

What affects the price?

The cost of metal depends on many factors:

1. Economic situation in the state: during the crisis, the population actively sells gold, which is what investors take advantage of. A large supply causes a decrease in the price of the precious metal.
2. The state of the gold mining industry: an increase in the volume of metal production causes a fall in its price.
3. US Dollar Rate: Gold (kg) quotes are expressed in foreign currency. If the dollar becomes cheaper, then the cost of a kilogram of gold will, on the contrary, increase.

Gold is offered on the market in three forms:

• ingots of pure precious metal;
• impersonal metal accounts;
• historically valuable and investment coins.

Gold bars

Investments in the bullion offered by the bank are considered the least profitable, since the buyer, in addition to the announced price of the bullion, will also be forced to pay VAT of 18%. When investing in impersonal accounts, you do not have to pay VAT, which makes such an investment more profitable. As for the prices of investment coins, they completely depend on the exclusivity, circulation and other features of such coins.

Answering the question of how much a kg of gold costs, it should be said that over the past 10 years gold has been characterized by incredibly high demand, raising the price of the metal on the market.

The popularity of the metal is also explained by the fact that production in the gold mining industry has been significantly modernized over the past few decades, which has made it possible to increase gold production volumes.

Therefore, the cost of the metal cannot stand still - it is constantly growing, because it is raised by speculative transactions in the relevant market.

It is also noted that gold prices increase in autumn and winter, as this period of time is characterized by high demand for the precious metal caused by wedding periods in Asian countries.

In the history of the gold market, there have been periods characterized by falling prices for this metal. The last such period was 1997-1998. Since then, the value of gold has only increased.

Gold bars 1 kg

How much gold should I buy?

Many people are interested in the question of how much a ton of gold costs, because it is a colossal amount of precious metal. Today the price of this volume of gold is approximately 33.7 million US dollars.

As for the cost of a troy ounce (that’s 31.1 grams) of metal, over the past month it has fluctuated in the price range of 1186-1305 dollars. To calculate how much a kilogram of gold costs, you should know that 1 kg contains 32.15 ounces.

This means that the approximate price of a kilogram of metal is at least 35 thousand dollars.

Among the population, the most popular type of investment in gold is the purchase of precious metal bars offered by banks, and this can be explained, because banks offer bars with different weights. This allows people with different income levels to invest. The only disadvantage of such operations is that the income from them is obtained in the long term, although it is long-term investments that provide significant capital growth.

We recommend other articles

Source: https://DedPodaril.com/zoloto/imform/skolko-stoit-kilogramm-zolota.html

999 gold bars Sberbank

The currency of any country can “collapse”, which has been repeatedly confirmed by historical facts, while the value of precious metals never fluctuates sharply. This is why many people choose an investment method such as purchasing precious metals, which are less subject to price fluctuations. 999 gold bullion from Sberbank is one of the options for investing money and protecting it from inflation.

Sberbank offers the most favorable conditions for the sale of precious metals

You can usually buy only metal of the highest category - 999 purity - from a bank. This means that the alloy contains 99.9% gold. You can buy it at certain bank branches.

This type of investment gives the client several advantages:

1. The client receives a precious metal of the highest standard, which can be used for any purpose or stored in order to increase his income.
2. When prices rise on the international market, the client generates additional profit.
3. Under any economic conditions in the country, this is the most profitable way to save and invest.
4. Simple purchasing procedure.

When purchasing a gold bar, you must follow certain rules

The purchasing process is not complicated, and any client, including non-residents of the country, can take advantage of this opportunity. The terms of the deal are as follows:

• You can purchase metal in any volume - from 1 to 1000 g.
• The metal meets the standards and requirements and has the appropriate documents.
• There is no need to open a bank account.
• If desired, you can rent a safe for storing precious metals.

Quotes of precious metals in the compulsory medical insurance of the bank

To determine how much 1 gram of 999 gold costs in Sberbank today, you need to understand that the rate is set by the bank daily based on the rate on the world market. Since the market in this area is not very active (compared to the foreign exchange market), there are no sharp price changes.

The cost of precious metal depends on the following global factors:

• Quality of the precious metal. Like any large bank, the institution is not interested in cooperation with manufacturers who are dishonest.
• A significant percentage of investors want to invest money in gold deposits. This is due to the need for large corporations to hedge their risks. Due to investor demand, the market price also changes.
• A fall in the share of precious metal production on the international market, which significantly affects its quotes.
• Sberbank has a gold and foreign exchange reserve distributed among regional branches.

The cost of 1 gram of gold in Sberbank for the last 3 years

These factors are fundamental in determining the price of precious metals in any banking institution. Costs in organizations may differ due to internal factors. These include VAT, which the client must pay, and the bank’s commission for the provision of the service.

Download file:

Prices for precious metal bars in bank branches

How to buy gold at Sberbank?

Having decided on this type of investment, you should understand that long-term investments are best made in reliable organizations that are stable and cannot go bankrupt or close. Today, Sberbank ranks first in the rating of Russian banks.

The purchase is accompanied by the issuance of a certificate, which indicates all the characteristics of the precious metal

Experts recommend giving preference to bars of 50 g or 100 g. This is more profitable than purchasing a smaller volume in terms of 1 g. To calculate for yourself how much 1 gram of 999 gold costs today in Sberbank, you can compare the price of 1 troy ounce with the dollar exchange rate. Add VAT to the result obtained (usually 13-16%).

The procedure for purchasing precious metal takes about 10 minutes. A bank employee hands over the bullion and certificate to the client.

The precious metal must contain the following details: serial number, year of production, hallmark, hallmark, precious metal letters. The certificate is issued by the manufacturer. It indicates the characteristics, as well as the purity and number of the gold bar. It is always sealed in special packaging.

It is strictly forbidden to violate it, otherwise the bank will not accept it back. By the way, you can hand over the purchased bullion at any institution if you have a certificate for it and if the packaging is intact. At the same time, the certificate data is verified with the actual details, and the product is weighed.

Download file:

Rules for purchasing 999 gold bars

The purchase of metal from a banking institution occurs in accordance with established standards:

1. The client must be present during the transaction.
2. A trustee or intermediary cannot represent the client's interests.
3. When weighing, the scales are placed in the client's field of view.
4. The ingot must meet the standards: color, shape, density, weight, marking.
5. Integral packaging.
6. Availability of a standard certificate for each purchased unit of metal.
7. The client is issued a cash order (check) for the purchase.

This type of investment is designed only for the long term. Experts are convinced that the profitability of such investments will give results only after at least 10 years. But at the same time, the most important advantage of a gold deposit is protection from sharp fluctuations in exchange rates.

Gold as an investment strategy. Unique features and properties of this precious metal.

What is the real price of gold per gram?

Centaurus journal

15.10.2016

Natalia Skavinskaya

Hello! We recently wrote about what grades and colors of gold there are. You can read more at this link. And we left the most important question for the “snack” - how much does gold cost in Ukraine and all over the world.  

Today you will learn:

• Gold in the world and in Ukraine – what is the price for 1 gram?
• What determines the price of gold?
• Dynamics of gold price growth.
• Gold rate - what is it?
• How much does a kilogram of gold cost?
• Which gold is more expensive: white, yellow, red or other?

From time immemorial, gold has been considered one of the most profitable investments. Money could depreciate, overnight, turning from wealth into a mountain of unnecessary pieces of paper.

But the yellow precious metal has always been a stable “currency”. Over the past 15 years, the cost of a gram of gold has seen quite a large increase - a jump in 2011, and then a fall and stabilization to the previous level.   

What is the price of gold in the world?

The average price for gold is $1263.92 per troy ounce, which is 999.9 fine gold for 31.1 grams.

Do you want to know the official cost of 1 gram of gold in Ukraine? 

Go to the Ministry of Finance website and see the latest data. Follow the link. But if you decide to hand over the scrap to a pawnshop or bring it to a jewelry workshop to make a new product, be sure to read the information below. When discussing the hallmarks of gold, we emphasized that the hallmark means the percentage of precious metal in the alloy. This means 585 sample is 58.5% gold + impurities. If today in banks, let’s say, the price of gold is 1g – 1000 hryvnia, then we calculate: 1000 UAH * 58.5% = 585 hryvnia.

The bank will not accept your scrap, because they only deal in gold bars. You will have to go to a pawnshop or a company that buys scrap. And, unfortunately, few people will offer you 585 hryvnia, mostly 10-15% less. This is the reality.

Do you have gold jewelry in your box that has lost its appearance or is no longer relevant? You don't wear them and want to scrap them? Why keep them aimlessly?  

Hurry up, bring them to our workshop, choose the coolest decoration, and we will make it for you in 10 days! 

Life is too short not to pamper yourself with beauty, especially then give this beauty to your children!

Why would this interest you?

• Get rid of unnecessary decorations
• Get the perfect piece of jewelry according to your design
• Get a guarantee for gold jewelry from our workshop
• You have the opportunity to pay the master’s work in gold

Interesting? Send a request for a quote

What is the dynamics of gold growth?

The peak of gold price growth was in 2011, when more than $1,900 was paid per ounce. The exchange rate itself depends on the situation in the world, fluctuations in the euro and dollar exchange rates, and oil prices. But even despite the expected ups and downs, gold is a much more stable investment compared to money/currency. Moreover, the price of gold per gram is not always the same as indicated by the central bank.

If your gold jewelry is a valuable antique, true collectors can pay tens of times more for it than the weight of the item. I think each of you has at least once wondered how much a kilogram of pure gold costs. Well, let's do the math. As mentioned earlier, for one troy ounce of .999 gold they ask for an average of $1,263.92.  

Troy ounce – 31.

1 gram, 

$1263.92 / divided by 31.1 = 40.64 (one gram of gold on the world exchange)
40.64 * 1000 grams (1 kg of gold) = 40640 USD Do you have $40,000 to spare and want to invest it in a stable currency? You can safely buy gold!

How much does white gold cost? What about a gram of yellow? What's more expensive?

Source: https://centaurus.com.ua/journal/skolko-stoit-zoloto/

How much does a kilogram of gold cost today: price in rubles and dollars (USD), how much you could earn | mk-soyuz.rf

Hello everyone, dear friends. In this article I will tell you how much a kilogram of gold costs today, where you can buy or sell it, and how much you can earn from it.

After reading to the end, you will learn how to invest money in gold and make money from it.

How much is 1 kg of gold worth today?

Today's gold rate in Russia in rubles per kilogram:

The official price of gold at Sberbank is set daily on weekdays and is published only on the bank’s official website. It is influenced by the discount price of the Central Bank of Russia, as well as stock exchange quotes, and roughly corresponds to the quote presented here.

The price of a one-kilogram bar in dollars is presented below:

How much could you earn in a year, 2, 5 and 10 years?

Investing in precious metals is one of the most stable instruments. At the same time, the price of gold never stands still. The cost at one moment can increase by 10-15% or, on the contrary, become cheaper. It is best to invest in precious metal for the long term. It’s worth forgetting about your investment portfolio for 5-10 years. In this case, its profitability will be really high.

For example, if you bought a kilogram bar a year ago and sold it today, your income would be 196,000 rubles.

But in two years you would have lost 202,000 (in 2016 the rate was higher).

For 5 years: +1,278,000 rubles (then the price was almost 2 times lower).

For 10: +1,895,000 rubles.

You must understand that there is a big difference between the buying and selling price. This difference is called the spread. It varies between 4-15%.

Don't invest in jewelry. The pawn shop will buy them back only at the price of scrap.

Where can you buy or sell gold

You can buy gold:

• On the MICEX. On the Moscow Exchange you can buy compulsory medical insurance or futures contracts for precious metals. This is a convenient and affordable way to trade precious metals.
• Coins\bars in banks. There are two types of gold coins - investment and collectible. Bullion can only be purchased from large banks. This is gold of the highest standard, available in bars from 1 gram to 1 kg. The greater the weight of the bar, the cheaper each gram of gold in it is. Precious bullion is subject to VAT at the rate of 18% of the total value.
• Compulsory medical insurance (impersonal metal account). An account is created in the selected bank, which contains grams of gold. According to the law, when opening an impersonal account, VAT is not paid.
• Mutual Fund\ETF. Investment funds whose only asset (other than money) can be shares of an index ETF. The average management fee is 0.3–5% of the average annual net asset value.

How much does a kilogram of gold cost today: price in rubles and dollars (USD), how much you could earn

Hello everyone, dear friends. In this article I will tell you how much a kilogram of gold costs today, where you can buy or sell it, and how much you can earn from it.

After reading to the end, you will learn how to invest money in gold and make money from it.

How much does a ton of gold cost, what volume does it take and what does it look like? - Step by step

There is actually not as much gold in the world as it might seem at first glance.

Over the entire recorded history of mankind, only about 190,000 tons of gold have been mined, according to the World Gold Council, taking into account the fact that in recent decades, from 2,800 to 3,100 thousand tons of gold have been mined annually in the world.

Please note that the Russian word “gold” comes from the Old Church Slavonic “zlato”, which originates from the Proto-Slavic “zolto” (“yellow”), by the way, in Latin the word “aurum” also means “yellow” and is related to “Aurora” ) - morning dawn.

Russia produces from 250 to 300 tons of gold every year, actively increasing its gold and foreign exchange reserves in the precious metal. The first discovery of gold reserves in Russia occurred in 1732 in the Arkhangelsk province; the development of this gold mine began in 1745, continued until 1794, and the entire mine collectively brought only about 65 kg of gold to the treasury. But when gold deposits were found in the Urals on May 21, 1745, gold mining in the Russian Empire received a full life!

How much does a ton of gold cost?

On the international precious metals market, gold is measured in troy ounces (31.1 grams) and at the beginning of September 2019, one such troy ounce costs around $1,500 (according to the COMEX GC of the New York Mercantile Exchange, see chart below), which means , having made simple mathematical calculations, we can calculate how much a ton of gold costs - 48,231,511 US dollars (48 million 231 thousand 511 dollars).

Chart of current gold prices from the GoldBroker.com portal

If we look at the prices set by the Central Bank of Russia at the beginning of September 2019, then the cost of one ton of gold = 3,183,150,000 rubles (3 billion 183 million 150 thousand rubles).

How much volume does a ton of gold take?

Considering that the density of gold is 19.3-19.32 g/cm3 under normal conditions, the volume occupied by a ton of gold will be 51786 cm3 or 0.052 cubic meters (m3), such a small volume is due to the fact that gold is an extremely heavy metal, therefore, such a volume will not inspire respect for many.

What does one ton of gold look like?

To imagine what one ton of gold looks like, we turn to the infographics prepared by specialists from the demonocracy.info portal, which will help to visually assess the scale and size of gold of various volumes.

For scale, next to the 1-ton ingots are a fountain pen and a Swiss knife.

One ton gold coin!

Another way to estimate what one ton of gold looks like and how much volume it occupies is with the help of the famous Australian 1 ton gold coin “Kangaroo One Tonne Gold” of the Kangaroo Gold Bullion series!

The Kangaroo One Tonne Gold coin, weighing one ton and measuring 80cm in diameter, is worth over A$70 million.

In 2011, the Australian Perth Mint began producing a unique gold coin! The whole process took 18 months and the result was a coin with a diameter of 80 cm made of gold with a purity of 99.99%. Its denomination is set at 1 million Australian dollars (AU$1 million), but the actual price, taking into account the value of the gold from which the coin is created, for 2019 is more than 70 million Australian dollars (AU$).

Australian gold coins of the Kangaroo Gold Bullion series - obverse and reverse of a 1 ton coin, in the lower right corner for scale a coin weighing 1 kilogram and another weighing 1 troy ounce.

Until 2012, the record for weight belonged to the Canadian gold coin “Large Maple Leaf” weighing 100 kilograms of pure gold!

But officially, the Australian Kangaroo One Tonne Gold coin has now become the largest in the world, especially since the Canadian coin was stolen from the Berlin Bode Museum in March 2017.

What volume does 10 tons occupy, or 100, and all the gold in the world?

10 tons of gold and 100 tons compared to human height

And if you estimate the scale, when there is a lot of gold, for example, the entire gold reserve of the United States of America?

What does the entire US gold reserve look like?

But if you collected all the gold in the world mined before 2009 and cast it into a huge cube with sides of 20.5 meters and placed it in an Olympic swimming pool, it would look something like this

All the gold in the world in one cube. The small sphere at the woman's feet below is 1 ton of gold

Interesting facts about gold

Here are 10 interesting facts about gold that you might not know:

• The melting point of gold is 1064.18 °C, and it begins to boil at 2856 °C, while liquid gold is quite volatile and actively evaporates long before the boiling point.
• Half of all gold mined (49%) today is used to make jewelry.
• More than 40,000 prospectors took part in the California Gold Rush, although not all of them became rich.
• Moreover, more than 90% of all gold mined in the world was raised from the ground after the California Gold Rush!
• Jewelry is not made from pure gold, but from its alloys with other metals, such as silver and copper, which may contain additives of nickel, cobalt, palladium to improve mechanical strength and durability.
• The color of gold jewelry (red gold, yellow, white, etc.) and its mechanical properties will be determined by the ratio of silver to copper in the alloy.
• In April 2019, a group of Russian physicists from MIPT obtained “two-dimensional” gold for the first time in the world—a gold film less than 10 nm thick by attaching gold atoms to a special molybdenum sulfide (MoS2) substrate.
• One ounce of gold can be stretched over 80 kilometers into a thin thread with a thickness of only 5 microns and a linear density of up to 2 mg/m.
• Standard “Good Delivery gold bar” gold bars, which are traded on gold exchanges around the world (London, Hong Kong, Tokyo, Zurich, New York, Sydney) weigh exactly 400 troy ounces, approximately 12.4 kg.
• The largest gold nugget was found in 1872 in Australia, its largest linear dimension is 1.42 meters, and its weight is more than 200 kg (the gold in the nugget itself weighs about 100 kg), this nugget was named “Holtermann Nugget” after the name of the person who found it.

( 14 average 4.71 out of 5 )

Source: https://www.stepandstep.ru/finansy/tonna-zolota/