HS Code for Gold ingots

Gold ingots are classified under HS code 7108.12 as non-monetary gold in unwrought forms. This classification applies to gold that has been refined and cast into primary shapes such as bars, ingots, or blocks, but has not yet undergone further manufacturing processes. The term "unwrought" is defined in the HS Explanatory Notes as products obtained by casting or sintering that have not been rolled, drawn, or forged into specific shapes like wire or sheet. This code is the standard for the international bullion trade involving private investors, commercial banks, and jewelry manufacturers. The classification is based on the physical state of the metal and the fact that it is not being moved between monetary authorities (which would trigger 7108.20). The purity of the ingot, while important for valuation, does not change this six-digit classification.

Products Included

• Cast gold bars
• Refined gold ingots
• Dore gold bars (unwrought)
• Gold bullion blocks
• Extruded gold bars not further worked

Common Misclassification

A common error is classifying ingots under HS code 7108.11, which is reserved specifically for gold powder. Another frequent mistake is using 7108.13, which covers semi-manufactured gold. If an ingot has been rolled into a plate or drawn into a wire, it must move to 7108.13. Additionally, if the ingot is destined for a central bank's official reserves, it must be classified as monetary gold under 7108.20 instead of 7108.12.

FAQ

What is the HS code for gold ingots?

The HS code for non-monetary gold ingots in an unwrought state is 7108.12.

Does the purity of the gold ingot change the HS code?

No, the HS code 7108.12 applies to all unwrought non-monetary gold regardless of whether it is 14k, 18k, or 24k purity.