Indian Gold Book:Indian Gold Book - Gold Bars Worldwide
Indian Gold Book:Indian Gold Book - Gold Bars Worldwide
Indian Gold Book:Indian Gold Book - Gold Bars Worldwide
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IMPORTED GOLD BARS<br />
GOLD WEIGHT CONVERSION TABLE<br />
The London Bullion Market Association (LBMA) defines the fine gold content of specified bar weights in troy<br />
ounces - at 3 levels of millesimal purity - as follows:<br />
Gross weight Fine gold content in TROY OUNCES<br />
995.0 999.0 999.9<br />
10 tola 3.731 3.746 3.750<br />
1 Kilo 31.990 32.119 32.148<br />
1/2 Kilo 15.995 16.059 16.074<br />
1/4 Kilo 7.998 8.030 8.037<br />
200 g 6.398 6.424 6.430<br />
100 g 3.199 3.212 3.215<br />
50 g 1.600 1.607 1.608<br />
20 g 0.640 0.643 0.643<br />
10 g 0.321 0.322 0.322<br />
5 g 0.161 0.161 0.161<br />
100 oz 99.500 99.900 99.990<br />
50 oz 49.750 49.950 49.995<br />
25 oz 24.875 24.975 24.998<br />
10 oz 9.950 9.990 9.999<br />
5 oz 4.975 4.995 5.000<br />
1 oz 0.995 0.999 1.000<br />
5 taels 5.987 6.011 6.017<br />
Source: A Guide to the London <strong>Gold</strong> Market, LBMA, 2001. LBMA copyright. Reprinted with LBMA permission.<br />
At a gold price of US$ 300 per oz, an exchange rate of US$ 1.00 = Rs 48, and Customs duty of<br />
Rs 250 per 10 g, the cost of an imported TT bar would be approximately Rs 57,700 (US$ 1,200).<br />
AN INTRODUCTION TO THE INDIAN GOLD MARKET 55
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