wingnut Posted October 12, 2008 Report Share Posted October 12, 2008 Is the price of gold that you see posted on the world markets based on one OUNCE or one TROY OUNCE?It makes a difference and I can't seem to find a definitive answer. Quote Link to comment Share on other sites More sharing options...
grubstake Posted October 12, 2008 Report Share Posted October 12, 2008 Troy. Grubstake Quote Link to comment Share on other sites More sharing options...
paleface Posted October 13, 2008 Report Share Posted October 13, 2008 Is the price of gold that you see posted on the world markets based on one OUNCE or one TROY OUNCE?It makes a difference and I can't seem to find a definitive answer.Troy weight is used to measure precious metals.1 troy ounce = 31.1034768 grams.12 troy ounce=1 troy poundAvoirdupois weight is used to measure potatoes, tomatoes and such. 1 ounce avoirdupois = 28.349523 grams approx.16 ounces avoirdupois = 1 pound avoirdupoisJim Quote Link to comment Share on other sites More sharing options...
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