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USD 107.71 / per gram
العربية

Fineness

noun

Arabic term: الدقة

Definition

The gold content of a bar expressed in parts per thousand; 916 fineness means 91.6 percent gold, and 999 means 99.9 percent.

Used in a transaction

The kilobar was stamped 999.9 fineness with a serial number and refinery mark.

Fineness in the context of Guyana gold

In the vocabulary of the gold trade, Fineness means this: The gold content of a bar expressed in parts per thousand; 916 fineness means 91.6 percent gold, and 999 means 99.9 percent. For anyone buying or selling gold from Guyana into Dubai, reading this term correctly is the difference between a clean transaction and a costly misunderstanding.

Fineness does not stand alone. In a real deal it sits alongside Karat, Dore and Millesimal, and following those connections is how a professional reads an offer from the first quote to final settlement.

In practice you might see it used like this: "The kilobar was stamped 999.9 fineness with a serial number and refinery mark." That is exactly how Fineness appears in real Guyana-to-Dubai deals, where value is always confirmed on assayed content rather than a stated figure, and payment follows inspection.

How we apply Fineness

When you deal with us, Fineness sits inside a clear procedure: the deal is priced against the LBMA spot, the gold is assayed in Dubai, and settlement is based on the confirmed content, with no large advance payment. As a sourcing organisation with a network of over 1,000 miners, mines, dealers and refiners across Guyana, we use Fineness in exactly the sense defined above.

If you see Fineness used in a way that does not match this definition, or to push you toward paying fees before inspection, treat it as a warning sign. The right term clarifies a deal; it is never used to obscure one.

Related terms

Frequently asked questions

What does Fineness mean?

The gold content of a bar expressed in parts per thousand; 916 fineness means 91.6 percent gold, and 999 means 99.9 percent.

How does Fineness relate to buying Guyana gold?

We apply Fineness transparently in our deals, with LBMA-linked pricing, settlement on assay and payment after inspection.

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