Glossary of Gold Trading and Delivery Terms

The terms used in the purchase of physical gold, vault placement, transfer of title and delivery, and in the compliance and payment records that accompany them, including purchases paid for with digital assets.

No. Each entry explains what a term means and how it is used in transaction documents. The entries are not financial, legal or tax advice.

The unit of weight used for precious metals. One troy ounce is 31.1034768 grams. Gold prices and the weights of large bars are usually stated in troy ounces.

A gold bar that meets the Good Delivery standard of the London Bullion Market Association: a fine gold content of 350 to 430 troy ounces, a fineness of at least 995.0 parts per thousand, and production by a refiner on the LBMA Good Delivery List.