Gold Price per Kilogram
One kilogram of gold is 32.1507 troy ounces, so the price per kilo is the spot ounce price multiplied by 32.1507. The live table below shows the value of a 1 kg bar of 24K gold in US dollars and other currencies. Kilobars trade close to this figure because their premium over spot is small.
1 kilogram of 24K gold
| Weight & purity | Live price |
|---|---|
| 1 kg · US dollar | live |
| 1 kg · Indian rupee (international) | live |
| 1 kg · Indian rupee (incl. 6% duty) | live |
| 1 kg · UAE dirham | live |
| 1 kg · Swiss franc | live |
| 1 kg · Euro | live |
| 1 kg · Chinese yuan | live |
| 1 kg · Hong Kong dollar | live |
| 100 g · US dollar | live |
Value of pure gold at international spot and live exchange rates. Real kilobars are 99.5% to 99.99% fine and trade at a small premium; the duty row applies India's 6% import duty only.
The conversion
A kilogram is 1,000 grams and a troy ounce is 31.1035 grams, so 1 kg = 1,000 ÷ 31.1035 = 32.1507 troy ounces. With an illustrative spot price of $4,150 per ounce:
- 1 kg of pure gold = 4,150 × 32.150747 = $133,425.60
- 1 kg of 99.5% gold = 133,425.60 × 0.995 = $132,758.47
- Each $10 move in the ounce price changes the kilo value by $321.51
The last line is useful for anyone holding or trading kilobars: a 1% move in gold (about $41.50 an ounce at that level) moves a kilobar by roughly $1,334.
What a kilobar is
The kilobar is the standard wholesale bar of Asia and the Middle East, and the bar most refiners produce in volume. It is roughly the size of a smartphone, and either cast (poured into a mould, slightly rough) or minted (stamped from a strip, with sharp edges). Each bar carries the refiner's mark, a serial number, the weight and the fineness, typically 995 (99.5%) or 999.9 (99.99%). Swiss refineries supply a large share of the world's kilobars, much of it made by remelting 400-ounce London bars for Asian buyers.
| Bar | Weight | Main market |
|---|---|---|
| London Good Delivery bar | About 400 oz (≈12.4 kg) | London vaults, central banks, ETFs |
| Kilobar | 1 kg (32.15 oz) | India, China, Hong Kong, Singapore, Dubai, Switzerland |
| Ten-tola (TT) bar | 116.64 g | Gulf, Pakistan, India, Nepal |
| 100 g bar | 100 g | Retail investors worldwide |
Wholesale pricing
Kilobars are priced as spot plus a premium (or discount) quoted in dollars per ounce. The premium covers refining or recasting, transport, insurance and local supply and demand. In major hubs it is usually a small fraction of a percent of the bar's value, far below what a 1 g or 1 oz coin carries. Local premiums can turn into discounts when domestic demand collapses or when import duty changes are expected, and widen when demand surges.
In India, bullion dealers quote kilobar prices in rupees per 10 grams including the 6% import duty, and MCX gold futures use a 1 kg lot size. The Shanghai Gold Exchange quotes in yuan per gram. Dubai's wholesale market prices kilobars and TT bars off the dollar price, since the dirham is pegged to the dollar.
Worked example: an Indian kilobar purchase
Suppose the international rate is ₹12,600 per gram (illustrative). A dealer's landed cost for a 999 kilobar before premium is 1,000 × 12,600 × 1.06 = ₹1,33,56,000. Add 3% GST on a sale to an investor and the invoice becomes ₹1,37,56,680 before the dealer's margin. A 100 g bar at the same rates costs ₹13,75,668. See gold import duty in India and GST on gold for the tax details.
Buying and storing a kilobar
Buy from refiners or dealers that supply bars from recognised refiners with assay certificates, and keep the bar in its packaging or with its certificate, since a damaged or undocumented bar may need re-assaying before a dealer will buy it at full value. Storage in a bank or professional vault costs a fee but is usually covered by insurance. Because the bar is a single indivisible unit, some buyers prefer several 100 g bars, which can be sold one at a time. For smaller amounts, the price per ounce and price per gram pages cover the more common retail sizes.