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A picul / ˈ p ɪ k əl /, [1] dan [2] or tam, [3] is a traditional Asian unit of weight, defined as "as much as a man can carry on a shoulder-pole". [1] Historically, it was defined as equivalent to 100 or 120 catties, depending on time and region.
Related units include the picul, equal to 100 catties, and the tael, which is 1 ⁄ 16 of a catty. A stone is a former unit used in Hong Kong equal to 120 catties and a gwan ( 鈞 ) is 30 catties. Catty or kati is still used in Southeast Asia as a unit of measurement in some contexts especially by the significant Overseas Chinese populations ...
In French Indochina, the colonial administration fixed the tael (lạng) as 100 g, which is commonly used at food markets where many items typically weigh in the 100–900 g range. However, a different tael (called cây , lạng , or lượng ) unit of 37.5 g is used for domestic transactions in gold.
The kilobar: This bar is a kilogram of gold, or 32.15 troy ounces. It prices out at about $77,080 at the recent spot price. The 100-troy-ounce bar: This gold bar is worth about $239,750 at recent ...
1 ⁄ 100: 5 g 0.1764 oz mace or Chinese dram: liǎng: 市兩: 1 ⁄ 10: 50 g 1.764 oz tael or Chinese ounce: jīn: 市斤: 1 500 g 1.102 lb catty or Chinese pound formerly 16 liang = 1 jin dàn: 市擔: 100 50 kg 110.2 lb picul or Chinese hundredweight
The troy ounce is heavier than the avoirdupois ounce, a commonly used unit for measuring weight in the United States customary system. [5] The standard gold bar held and traded internationally by central banks and bullion dealers is the Good Delivery bar with a 400 ozt (12.4 kg; 27.4 lb) nominal weight. However, its precise gold content is ...
The Australian Gold Nugget, also sometimes known as the Australian Gold Kangaroo, [1] is a gold bullion coin minted by the Perth Mint. The coins have been minted in denominations of 1 ⁄ 20 oz , 1 ⁄ 10 oz, 1 ⁄ 4 oz, 1 ⁄ 2 oz, 1 oz, 2 oz, 10 oz, and 1 kg of 24 carat gold.
This allows gold holdings and transfers to take place in tiny fractions of a gram (equivalent to a few cents). A possible source of confusion is that gold is often priced on the open market in the more traditional troy ounce (one troy ounce is exactly 31.1034768 grams, which is larger than the avoirdupois ounce generally in use in the United ...