Troy ounce Conversion
A Troy ounce (oz t) is a unit of weight measurement primarily used in the precious metals industry, such as for gold, silver, platinum, and other precious metals. It is different from the standard (avoirdupois) ounce commonly used in everyday contexts. One troy ounce is equivalent to approximately 31.1035 grams.
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| Troy ounce (ozt) | = | Kilogram (kg) |
What is Troy ounce ?
A Troy ounce (oz t) is a unit of weight measurement primarily used in the precious metals industry, such as for gold, silver, platinum, and other precious metals. It is different from the standard (avoirdupois) ounce commonly used in everyday contexts. One troy ounce is equivalent to approximately 31.1035 grams.
To clarify:
- 1 troy ounce = 31.1035 grams
- 1 gram ≈ 0.03215 troy ounces
In everyday terms, a troy ounce represents a slightly larger amount of weight compared to a standard ounce. For example, a typical gold coin or bar might weigh about 1 troy ounce.
Troy ounces are used in the international market for precious metals and are crucial for pricing and trading these commodities. They are also used in jewelry making, where the weight of precious metals determines their value. The troy ounce measurement system dates back centuries and is based on historical trading practices of precious metals.
Understanding troy ounces is important for investors, jewelers, and professionals in the precious metals industry. It ensures accurate measurement and pricing of precious metals, facilitating fair trade and transactions globally. While troy ounces are not commonly used in everyday transactions outside the precious metals industry, they play a vital role in international commerce and finance related to precious metals.
List of Mass conversion units
Kilogram Gram Decigram Centigram Milligram Microgram Nanogram Picogram Femtogram Dekagram Hectogram Megagram Metric ton Long ton Short ton Metric quintal US quintal French quintal Stone Pound Ounce Troy ounce Slug Tola Dram Carat Grain Atomic mass unit
A Troy ounce (oz t) is a unit of weight measurement primarily used in the precious metals industry, such as for gold, silver, platinum, and other precious metals. It is different from the standard (avoirdupois) ounce commonly used in everyday contexts. One troy ounce is equivalent to approximately 31.1035 grams.
To clarify:
- 1 troy ounce = 31.1035 grams
- 1 gram ≈ 0.03215 troy ounces
In everyday terms, a troy ounce represents a slightly larger amount of weight compared to a standard ounce. For example, a typical gold coin or bar might weigh about 1 troy ounce.
Troy ounces are used in the international market for precious metals and are crucial for pricing and trading these commodities. They are also used in jewelry making, where the weight of precious metals determines their value. The troy ounce measurement system dates back centuries and is based on historical trading practices of precious metals.
Understanding troy ounces is important for investors, jewelers, and professionals in the precious metals industry. It ensures accurate measurement and pricing of precious metals, facilitating fair trade and transactions globally. While troy ounces are not commonly used in everyday transactions outside the precious metals industry, they play a vital role in international commerce and finance related to precious metals.
List of Mass conversion units
Kilogram Gram Decigram Centigram Milligram Microgram Nanogram Picogram Femtogram Dekagram Hectogram Megagram Metric ton Long ton Short ton Metric quintal US quintal French quintal Stone Pound Ounce Troy ounce Slug Tola Dram Carat Grain Atomic mass unit