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Mithqāl (Arabic: مثقال) is a unit of mass equal to 4.25 grams (0.137 ozt) which is mostly used for measuring precious metals, such as gold, and other commodities, like saffron. The name was also applied as an alternative term for the gold dinar , a coin that was used throughout much of the Islamic world from the 8th century onward and ...
C-19 [17] Thus one troy ounce = 480 grains × 0.064 798 91 grams/grain = 31.103 476 80 grams. Since the ounce avoirdupois is defined as 437.5 grains, a troy ounce is exactly 480 ⁄ 437.5 = 192 ⁄ 175 or about 1.09714 ounces avoirdupois or about 9.7% more. The troy ounce for trading precious metals is considered to be sufficiently approximated ...
Additionally, the kilobar, weighing 1,000 grams (32.15 troy ounces), and the 100-troy-ounce (109.7-ounce; 6.9-pound; 3.1-kilogram) gold bar are popular for trading and investment due to their more manageable size and weight. [1] These bars carry a minimal premium over the spot price of gold, facilitating small transfers between banks and ...
It remains in widespread use in Myanmar, where it is approximately equivalent to 16.33 grams (0.576 oz), and in the gold trade in Thailand, where it is defined as 15.244 grams (0.5377 oz) for bullion and 15.16 grams (0.535 oz) for jewellery. [1] For other uses, the baht is defined in Thailand as exactly 15 grams (0.5291 oz). [2]
The table below lists units supported by ... → 1 ounce (0.91 ozt; 28 g; 440 gr) ... sample of the default conversion for the unit
The Chinese tael was standardized to 50 grams in 1959. In Hong Kong and Singapore, it is equivalent to 10 mace (Chinese: 錢; pinyin: qián) or 1 ⁄ 16 catty, [2] [3] albeit with slightly different metric equivalents in these two places. These Chinese units of measurement are usually used in Chinese herbal medicine stores as well as gold and ...
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 ...
It is equal to 10 candareens and is 1 ⁄ 10 of a tael or approximately 3.78 grams. A troy mace is approximately 3.7429 grams. In Hong Kong, one mace is 3.779 936 375 grams. [2] and in Ordinance 22 of 1884, it is 2 ⁄ 15 ounces avoirdupois. In Singapore, one mace (referred to as chee) is 3.779 94 grams. [4]