Gold bar price hits a million dollars for the first time

Gold bar's price is worth $1 million for the first time as gold's spot price surpassed $2,500 per troy ounce. As gold bars typically weigh about 400 ounces, it'd make each gold bar worth over $1 million in the US. However, there are some nuances to this figure. For example, gold bars in London contain 350-430 ounces of pure gold.