Coiled Bars
Bar Weight: from 0.5 g to more than 100 g gram(s)
Country or Area: India
Crude "coiled" gold bars, in the shape of finger rings or bangles, have been popular in India for investment purposes for decades, not least over the period 1963-1990, when it was illegal for Indians to own gold in the form of standard bars, but not illegal to own "jewellery". To facilitate their tradability, the coiled bars normally have precise weights, ranging from 0.5 g to more than 100 g. They are normally cut from cast strips of gold and then coiled.