Unwrought Gold
Refined Bars
Unwrought Gold vs Refined Bars
Unwrought gold (HS 7108.12) versus refined bars. This compares customs classification, purity and use.
Verdict
Unwrought gold is the classification for semi-refined and raw forms at a discount; refined bars are investment-ready at a premium.
| Criterion | Unwrought Gold | Refined Bars |
|---|---|---|
| HS code | 7108.12 (unwrought) | 7108.13 (semi-manufactured/refined) |
| Purity | 85 to 94% | 99.5%+ |
| Price basis | Discount to spot | Small premium to spot |
| Buyer | Refineries, bulk importers | Investors, dealers |
Unwrought Gold
Choose unwrought gold for refining feedstock and bulk import.
Refined Bars
Choose refined bars for investment-ready, certified stock.
Unwrought Gold and Refined Bars head to head
Unwrought gold (HS 7108.12) versus refined bars. This compares customs classification, purity and use.
On hs code, Unwrought Gold offers 7108.12 (unwrought), while Refined Bars offers 7108.13 (semi-manufactured/refined). On purity, Unwrought Gold offers 85 to 94%, while Refined Bars offers 99.5%+.
On price basis, Unwrought Gold offers discount to spot, while Refined Bars offers small premium to spot. On buyer, Unwrought Gold offers refineries, bulk importers, while Refined Bars offers investors, dealers.
Which should you choose
Unwrought gold is the classification for semi-refined and raw forms at a discount; refined bars are investment-ready at a premium.
Choose unwrought gold for refining feedstock and bulk import. Choose refined bars for investment-ready, certified stock.
How we supply both from Guyana
Whether you choose Unwrought Gold or Refined Bars, we supply both direct through a network of over 1,000 miners, mines, dealers and refiners across Guyana, with LBMA-linked pricing and settlement on assayed content in Dubai and no advance payment, so you get the best price on either option.
Other comparisons
Frequently asked questions
Unwrought Gold or Refined Bars: which should I choose?
Unwrought gold is the classification for semi-refined and raw forms at a discount; refined bars are investment-ready at a premium.
What is unwrought gold?
Non-monetary gold in unworked forms classified under HS 7108.12, typically traded at a discount to spot and refined by the buyer.