Why is there a difference in the price of gold kilobars and the international gold price?

Prices for the gold kilobar and international gold are different because of the differences in the type of gold and market conditions.

UOB’s price for gold kilobars reflects the price of gold kilobars of 99.99% fineness quoted in SGD/kg The international gold price reflects the price of 'large' gold bars of 99.5% fineness quoted in USD/troy ounce which are deliverable in London before any tax or duty.

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