What is the price of 24 carat gold bar weighing 116 grams?

Gold price for the day means "gold price for the day" regardless of the weight. Today's gold price is 1855.15/oz. (Sep10, 2011)

1 ounce = 28.349 gram

116 divided on 28.349 = 4.091 oz

4.091 oz times the gold price of today which is 1855.15 = $7,589.41.

That's how you coagulate if you want to know the exact price however; places that sale that kind of bar they sale and buy at standard rates for the day depending on the gold price of the day after they take out their persentage as all other trades they do. So don't expect to sale your 116 gram at the above price and you can't buy it at that price either. You have to pay their standard commission from the daily price anyway.

Hope I was helpful.