20g Gold Bar | Rand Refinery

Rand Refinery, based in South Africa, is one of the world’s largest integrated precious metals refining complexes and holds a unique place in bullion history. Their minted gold bars are produced to a fineness of 999.9, or 24-carat pure gold, and are recognized globally for their iconic “Springbok” logo. As an LBMA-certified “Good Delivery” refiner—and one of only five worldwide appointed as an LBMA referee—Rand Refinery’s products meet the most stringent international standards for purity and ethical sourcing. While they produce high-purity bars, the refinery is most famous for its role in creating the Krugerrand, the world’s first one-ounce gold bullion coin. Like the American Eagle, the Krugerrand is minted from 22-carat gold (91.67% purity) alloyed with copper. This specific composition gives the coin a distinctive orange-gold hue and superior durability against scratches. Because each Krugerrand contains exactly 1 troy ounce of fine gold, its market value remains identical to 24-carat coins, while its rugged design makes it one of the most widely traded and recognizable bullion investments on the planet.