Gold Price Today Troy Ounce

Troy ounce vs avoirdupois ounce troy ounce a mass unit for gold.

Gold price today troy ounce. Conversion gold price spot price. This measures out to be about 10 percent more than the avoirdupois ounce. However countries that have adopted the metric system price gold in grams kilograms and tonnes.

Grams 0 032151 troy ounces kg 32 150747 troy ounces. The troy ounce 480 grains is heavier than the avoirdupois ounce 437 5 grains. The current gold price can be readily found in newspapers and online.

Gold spot price is used as the basis for most bullion dealers to determine the exact price to charge for a specific coin or bar. You can access information on the gold price in british pounds gbp euros eur and us dollars usd in a wide variety of time frames from live prices to all time history. You can access information on the gold price in british pounds gbp euros eur and us dollars usd in a wide variety of time frames from live prices to all time history.

It is commonly used for measurement of gold and other precious metals. Smaller investors for example may be more interested in the price of gold per gram than ounces or kilos. The chart above shows the price of gold in gbp per troy ounce for last 30 years.

The chart above shows the price of gold in usd per troy ounce for today. The gold price is measured in troy ounces which are equal to 1 09711 avoirdupois ounces. Troy ounce abbreviated t oz is a mass unit of troy weight system.

1 troy ounce is equal to 31 1034768 grams or 1 12 per troy pound. Therefore one troy ounce is 31 1034768 grams g. The price is driven by speculation in the markets currency values current events and many other factors.