gold bar formula
DESCRIPTION
THis is to know how to pay for goldTRANSCRIPT
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THE SOUTHEAST ASIAN TREASURE CONNECTION
Formula for estimating Gold Bar WEIGHT & KARET PERCENTAGE1 kg = 32.15 Troy oz.
Conversions : 1 oz = 28.35 grams 1 lb = 16 oz 1 kg = 2.2 lbs (35.2 oz.)1 Troy oz = 31.1035 gr. 1 lb = 0.4536 kg 1,000 kg = 1 Ton (long)
Formula for estimating Gold Bar WEIGHT
First : Measure Bar Length, Width and Height. Note: if bar LENGTH (L) and WIDTH (W) dimensions are different, than follow example drawing below by first adding the two Widths (W1 + W2) and then dividing this total by 2 to get exact WIDTH. Then use thesame formula to get the exact LENGTH total (L1 + L2 divided by 2 = correct LENGTH).
Gold % Fineness FormulaDivide Karat % X 24.024
Karat % Fineness24% .995 - .99923% .95722% .91621% .87420% .83219% .7918% .7517% .70716% .666
GOLD BAR 15% .624(Side View) 14% .583
Second : Multiply Bar LENGTH X WIDTH X HEIGHTThird : Multiply ABOVE answer by 19.3 (Specific Gravity of Gold)
For PLATINUM, multiply by 21.45 (Specific Gravity of Platinum)
EXAMPLE
40.64cm (16") X 10.16cm (4") X 10.16cm (4") = 4,195.0883 cubic cm4,195.0883cm X 19.3 = 80,965.204 grams = 80.965 kilograms
Formula for estimating Gold Bar KARAT Percentage
If dimensions of : 40.64 Length, 10.16 Height & 10.16 Width = 80.965 kilograms at 24 Karats, then24 divided by 80.965 Kg = .2964243
So, multiply the actual Kg weight of the Gold Bar X .2964243
EXAMPLE
Your Gold Bar has exact dimensions as above sample but actual weight is only 78 Kg. Then, 78.0 Kg X .2964243 = 23.121095 Karats (This is the approx. Karat % of your Gold Bar).
MORE GOLD BAR KARAT % SAMPLES (Bar with exact same dimensions as above)Bar Weight (Kg) = Karat % Fineness Bar Weight (Kg) = Karat % Fineness
80.0 23.713944 .987 74.0 21.935398 .91379.0 23.417519 .974 73.0 21.638973 .977.0 22.824671 .95 72.0 21.342549 .88876.0 22.528246 .937 71.0 21.046125 .87675.0 22.231822 .925 70.0 20.749701 .863
Formula for estimating TRUE Gold Price per Kilogram based on ASSAY
ConversionChart
24K = 123K = .95722K = .91621K = .874
Multiply L.M.E. Gold Price per ounce X Ounces X (See Conversion Chart)
See Examples Below (Gold Price of US$300 per ounce & One Kg = 32.15 Troy ounces)
1) US$300 X 32.15 oz. X 1 (24K) = US$9,645.00 per KG.2) US$300 X 32.15 oz. X .957 (23K) = US$9,230.265 per KG.3) US$300 X 32.15 oz. X .916 (22K) = US$8,834.82 per KG.4) US$300 X 32.15 oz. X .874 (21K) = US$8,429.73 per KG.
GOLD BAR(Plan View)
W1 W2
L1
L2
H
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