Gold prices have reached a historic milestone, with a standard 400-ounce gold bar now valued at over $1 million for the first time. This achievement occurred as the spot price of gold surpassed $2,500 per troy ounce, setting a new record high. While the exact value of gold bars can vary slightly based on their precise weight and purity, this unprecedented valuation underscores the precious metal’s continued importance in the global financial landscape.