What is ISO 24018 about?
ISO 24018 international standard discusses specifications for a 1-kilogram gold bar. ISO 24018 specifies the requirements, test methods, inspection, marking, packaging, transportation, storage, quality certificate, and the order (or contract) information of 1-kilogram gold bars.
Note 1: ISO 24018 is applicable to one-kilogram cast gold bars produced for investment markets or industrial (jewellery, electronic) markets.
Note 2: Unlike 400 troy ounces (approximately 12,5 kg) bars, for which a recognized standard is published by the LBMA (London Bullion Market Association) in its Good Delivery Rules, there is no internationally recognized standard for 1-kilogram gold bars.
Who is ISO 24018 for?
ISO 24018 on the specifications for a 1-kilogram gold bar is useful for:
- Gold bar manufacturers and suppliers
- Jewellers
- Jewellery testing laboratories
- Gold Investors
Why should you use ISO 24018?
The 1-kilogram gold bar (also named gold kilobar) is the most manufactured and traded small gold bar.
ISO 24018 creates a specification with the specification for impurities that will be compatible with those two most commonly used references.
The purpose of ISO 24018 is to propose a set of specifications, which could serve as a reference for the exchanges and the industrial markets and favour the usage of gold kilobars.
ISO 24018 specifies requirements, test methods, inspection, marking, packaging, transportation, storage, quality certificate, and the order (or contract) information of 1-kilogram gold bars which helps during manufacture, supply, use, inspection, and many other purposes.