new gold prices

Understanding Gold Prices: What is a Troy-ounce?

The troy-ounce is a unique weight used for precious metals and precious stones. This is based on 12 pounds to the pound instead of the traditional 16 ounces, meaning that a troy-ounce of actual weight is more than the standard ounce. A troy-ounce is 31.1034768 grams or 0.0311034768 kilograms. ┬áHistory of Troy-ounce The term “troy-ounce” […]

Understanding Gold Prices: What is a Troy-ounce? Read More ┬╗