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Troy ounces are used to measure weights of gems and precious metals. One troy ounce is equal to 1.097 standard ounces, making it around 10% heavier.
The troy grain is equal to the grain unit of the avoirdupois system, but the troy ounce is heavier than the avoirdupois ounce, and the troy pound is lighter than the avoirdupois pound. Legally, one troy ounce (oz t) equals exactly 31.1034768 grams.
Though a global standard, an ounce is not simply an ounce. The troy ounce, which is slightly heavier than the avoirdupois ounce, has been traditionally used as the standard unit of weight for gold, silver, platinum, and palladium for numerous years.
Obviously, then, a troy ounce is a bit heavier than a regular ounce. One regular ounce is 28.35 grams, while a troy ounce is 31.1 grams. The weights are close, but the difference becomes very noticeable when you’re trading in larger quantities of precious metals.
When it comes to buying and selling gold, the standard unit of measure is the Troy ounce, not the regular — or avoirdupois — ounce. This standard is used across the global precious metals market, which includes gold, silver, platinum, and palladium.
Learn about this MAJOR difference between ounces and troy ounces. If you DO NOT get this, your investment might be off by 9%!
How many troy ounces are there in an ounce? One ounce (oz) is approximately 0.911458 troy ounces. To work out your answer, multiply your ounce value by 0.911458 or use the calculator.
What are Troy Ounces? Troy ounces are a unit of measurement commonly used in the precious metals industry, particularly for weighing gold, silver, and other precious metals. One troy ounce is equivalent to approximately 31.1035 grams , which is slightly heavier than a standard avoirdupois ounce.
But how does a Troy Ounce different from a regular ounce – and who, or what, is Troy? Before learning about the history of the Troy Ounce and how it came to use in Bullion trading today, one must first understand how a Troy Ounce is different from a standard ounce.
The troy ounce is the standard unit of measure for quoting prices in the precious metals market. For example, gold, silver, platinum, and palladium on the global market are quoted per troy ounce. This standardization facilitates the trading of precious metals on international markets and exchanges.
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