Buying gold bars is one of the most straightforward ways to invest in gold. Bars give you excellent value for money, are available in a wide range of sizes, and are simple to buy online from trusted UK dealers. If your goal is to hold physical gold at the lowest premium over the spot price, bars are often the best choice.
Why Buy Gold Bars
While gold coins offer flexibility and tax benefits, bars are often chosen by people who want to accumulate gold efficiently. Here’s why:
- Lower premiums – Bars usually cost less per gram compared to coins, meaning you get more gold for your money.
- Range of sizes – From tiny 1 gram bars up to large 1 kilogram bars, there is something for every budget.
- Ease of stacking and storage – Bars are uniform in shape and easy to store neatly.
- Global recognition – Branded bars from trusted refiners such as PAMP, Metalor, and Umicore are recognised worldwide.
Types of Gold Bars
Gold bars are not all the same. Here are the main types you will come across when buying online in the UK.
Cast Bars
These are made by pouring molten gold into a mould. They tend to have a rugged look and often carry the lowest premiums.
Minted Bars
These bars are cut from a sheet of gold and struck with a design. They are usually presented in tamper-proof packaging, making them a little more attractive to collectors.
Branded Bars
Bars from well-known refiners such as PAMP, Metalor, Valcambi, and Umicore carry extra trust because of their reputation. This makes them easier to sell later on.
Popular Gold Bar Sizes
The size of bar you choose depends on your budget and investment goals. Common sizes include:
- 1 gram – An entry-level option for new investors.
- 10 gram – Small, affordable, and easy to sell.
- 1 ounce (31.1 grams) – A popular size for UK investors.
- 100 gram – A balance between affordability and efficiency.
- 1 kilogram – The most cost-effective way to buy gold in bulk.
Generally, the larger the bar, the lower the premium you pay per gram.
Where to Buy Gold Bars Online
Several established UK dealers sell gold bars online, offering insured delivery straight to your door. Trusted names include:
- BullionByPost – Offers a wide range of sizes and brands.
- Atkinsons Bullion – Competitive pricing with excellent customer service.
- Chards – Long-standing UK dealer with strong reviews.
- The Royal Mint – Official producer of UK bullion, including Britannia bars.
Always compare prices before you buy and make sure delivery is fully insured.
How Gold Bar Prices Work
The price you pay for a gold bar is based on the live spot price plus a dealer premium. The premium covers minting, distribution, and the dealer’s margin.
- Smaller bars carry higher premiums because production costs are spread over less gold.
- Larger bars offer better value per gram but can be harder to sell in small amounts.
- Reputable dealers update their prices every few minutes to match live market movements.
Storing Gold Bars
Storage is an important part of owning gold bars. Your options are similar to storing coins:
- At home – Suitable for small amounts if you invest in a quality safe.
- Bank safe deposit box – Secure but with access restrictions.
- Professional vault storage – Many dealers offer insured vaulting services for a yearly fee.
If you are buying larger bars, professional storage often provides the best peace of mind.
Selling Gold Bars
When it comes time to sell, you can usually return your bars to the dealer you bought them from. Established dealers often guarantee to buy back bars they have sold, and some display live buy-back prices on their websites.
Bars from recognised refiners are easier to sell because buyers trust their authenticity. Unbranded or unfamiliar bars may be harder to move on.
FAQs About Buying Gold Bars Online
Are gold bars better than coins?
Bars give you better value per gram, while coins offer flexibility and in some cases tax benefits. Many UK investors hold a mix of both.
Do I pay VAT on gold bars?
Investment-grade gold bars are exempt from VAT in the UK.
What is the best size of bar to buy?
That depends on your budget. For many investors, 1 ounce or 100 gram bars offer the best balance of affordability and efficiency.
Is it safe to have gold bars delivered to my home?
Yes, as long as you buy from a trusted dealer. Orders are usually delivered discreetly with full insurance.
Final Thoughts
Gold bars are one of the most cost-effective ways to buy physical gold in the UK. They are simple, widely recognised, and available in a range of sizes to suit every investor. By choosing a trusted dealer, checking live prices, and planning safe storage, you can build a gold bar portfolio that gives you lasting security and peace of mind.
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