Measurement Unit For Gold - Gold Price OZ
Troy ounce is commonly used to measure the mass of precious metals, such as gold. 1 troy ounce is equal to 31.1034768 grams, or 1/12 per troy pound (1 troy pound ≈ 373.24 grams, that is lighter than avoirdupois pound), distinguishing from avoirdupois ounce which equals to 28.3495231 grams. In modern times, the troy ounce is the only ...