Beginner investors often encounter weight confusion because they do not know how many grams are in an ounce of gold. Having bought an ingot, a person suddenly receives more metal than he expected to receive. But is it?

This happens because even in modern world They use a system such as the troy ounce to determine the weight of gold. And this ounce is often confused with an ordinary ounce, since grams are used in Russia.

Therefore, when buying on foreign markets, you must take into account the fact that a troy ounce weighs nine point seven percent more than avoirdupois.

Abbreviation oz or oz at - in the USA and a number of other countries the basic unit of weight is the avoirdupois pound (453.592 370 g). It consists of 16 oz. The weight of an ounce of avoirdupois is 28.35 g (28.349 523 125 g).

What is a troy ounce?

This is the name of the unit for determining the weight of precious metals, which is included in the troy system of measures. Designated as TR.OZ, or troy ounce, or simply ozt. This system was used by the Romans to measure gold, silver and gems. This system includes pound and grain.

To understand the difference, you need to know what an ounce is equal to.

So: One troy ounce will be equal to 31.1034768 grams. A pound is equal to 373.2417216g. or twelve troy ounces. A grain is equal to 1 in 480 ounces or 64.79891 milligrams.

There is no need to confuse the pound in England and the troy pound, since the latter is rarely used nowadays. And it is absolutely necessary to separate the ordinary and troy ounces.

In the modern world, it is sometimes still measured in troy ounces, especially in the financial sector, in jewelry stores, in the pharmacy and cosmetics industries. In order to calculate the metal in cans, a troy ounce is rounded, and it turns out to be 31.103 grams.

In this case, it is not clear why use an outdated system. Why can't you use more modern systems measures Let's try to answer this question.

The most important feature of the troy ounce is its convenience in calculating the weight of precious metals to determine their prices in the banking and jewelry industries.

How to convert ounce to grams

This can be done using an online calculator. To find out how many grams are in an ounce of gold, you need to enter the number of ounces and the calculator will automatically convert it to grams. The troy ounce is a kind of royal symbol for measuring gold.

Some coins are equal in weight to exactly a troy ounce:

USA golden eagle
golden buffalo usa
Gold bar Australia
Panda China
Krugerrand South Africa
Maple Leaf Canada
Philharmonic Australia

The ancient city of Troy in no way influenced the name of the troy ounce. The troy ounce was named after a small town in France - Troyes. This city became popular in the twelfth century because it hosted fairs with the participation of merchants from all over the world.

Previously, each country used its own system to measure the value of gold, which constantly created difficulties. At first it was proposed to take the livre as the universal standard; the same system included the troy pound. Soon the troy ounce became the main way to determine precious metals.

Determining the price of gold using the London fixing

How much 1 ounce of gold will cost in grams is now determined by the London fixing 2 times a day - in the morning at half past ten and in the afternoon at three o'clock. Previously, this was not necessary because the gold standard was in effect. The price of gold was fixed at three pounds seventeen shillings and nine pence for the purchase and three pounds seventeen shillings and ten and a half pence for the sale. Fixing was first carried out in 1919. the twelfth of September. Since then, the fixing process has not changed much.

Now you know how many grams make up one ounce of gold, thereby protecting yourself from misunderstandings when investing.

How much is a troy ounce of gold in grams?

Reading world economic news, we often hear about such a measure of the weight of gold as an ounce. What does this mean? What does this correspond to in our usual units? What is the history of this concept?

A troy ounce of gold in grams is 31.1034768. This unit of measurement is also used for other valuable substances: silver, platinum and more. Valuable ingredients in the cosmetics industry are also sometimes measured by weight using this measurement.

Despite the fact that an ounce of gold in grams is not a whole number, but a rather complex number, it has remained the de facto standard for many centuries. This began a long time ago, at the height of the Middle Ages. In the twelfth century, fairs took place annually in the French city of Troyes, which attracted huge numbers of people, goods, and money from various countries. There was a need for a standard unit of measurement for precious metals that would allow for correct calculations when trading, despite the fact that coins were in use different types and different denominations. In those years there were no banknotes, and coins were often valued based on their exact weight.

But this is not the only ounce of gold known in history. In grams, which amounted to 29.860, Russia had its own troy ounce. There were other similar units of weight measurement. There was, for example, an ounce of Maria Theresa that was 31.1025 grams. However, in goldsmithing, the same unit was always adopted, which was used at the official level.

At one time, a whole system of weights was used related to the troy ounce . A Troy grain was 1/480 of it. Twelve of these units made up a pound. It was called troy, and should not be confused with the usual weight measure under the same name.

Some states nowadays issue coins whose weight is one troy ounce of gold, which in grams is exactly 31.1034768. An example is the “Golden Eagle” minted in the USA.

Since 1919, the so-called fixing has been carried out in London, during which it is determined how much 1 ounce of gold costs. This event occurs twice a day. Representatives of the world's five largest banking organizations get together and set the price in US dollars per ounce.

Beginning in the first half of the nineteenth century, a gold standard began to exist. Its essence boils down to the fact that each currency strictly fixes its price ratio with gold. And all international payments are thus brought to a single basis. This brings an element of stability to the world economy, however, with the advent of the twentieth century and the outbreak of the First World War this standard began to gradually become obsolete. States incurred enormous costs, and this greatly influenced the possibility of establishing a fixed price for gold. The world gradually began to divide into several economic zones, who took as a basis one or another peg of their national currency. Zones of the English pound, the American dollar and gold were formed. After the end of World War II, the American currency finally won this competition.

Much has changed in the economy, but a troy ounce in grams is the same value - 31.1034768. It was used previously and continues to exist. When weighing gold, grams are practically not used. Oz continues a centuries-old tradition.

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What does an ounce of gold mean?

What is an ounce of gold? Origin of the word ounce(lat. uncia), its roots go back to the times of ancient Rome. The Romans used large bronze coins cut into pieces as money. One ounce in ancient Rome meant the twelfth of a heavy coin (assa) and was equal to 27,288 gram. This is slightly different from the weight of a modern troy ounce ( troy ounce). By the way, many people confuse the word - they say and write “troitskaya” ounce, instead of “troyskaya”. Correctly written and spoken - troy ounce. Subsequently, the ounce became the most important and most common weight unit in Europe. Despite the fact that in Lately Many countries around the world have switched to the metric system for measuring weight; the ancient unit, the ounce, is still used in banking and jewelry.

How many grams are in an ounce?

Participants in the global market for gold and other precious metals still use the ounce as a unit of weight. Total number of gold bars and coins worldwide bearing the inscription " oz" or " ounce"much more than c" g" or " gram". Therefore, in most countries of the world, ordinary people know how many grams are in an ounce. In order to accurately and quickly find out how many grams are contained in an ounce, you can use a calculator to convert ounces into the grams we are all familiar with.

If they say or write an ounce of gold, be sure that most often they mean a troy ounce of gold. An ounce of gold has become a common measure for determining the weight of the precious metal throughout the modern world. Its weight is equal to a twelfth of a troy pound, which was the main unit of weight in Great Britain from 1824 to 1858. In another way, the English troy pound is also called the gold coin pound and is equal to 373,2417 gram. Accordingly, one troy ounce of gold in grams is equal to 31,1035 gram.

Name troy ounce originated from the French city Troyes(fr. Troyes), located in the north of France, on the Seine River, in the province of Champagne. This small city has a rich historical past. The name troy ounce arose back in the days of fairs, which attracted many traders from many countries of the world. Coins from different countries were easily exchanged by merchants at exchange offices, thanks to the use of a single standardized weight system at the fair. The French livre, containing the troy pound of silver, was taken as the basis.

The official world price of gold around the world is expressed in US dollars per troy ounce. Nowadays, with the transition to the metric system, the troy ounce seems archaic and inconvenient. Despite this, an ounce of gold continues to contain a symbol of centuries-old traditions, as well as a standard of purity and quality. Nowadays, the price per troy ounce of gold is set using the London fixing. It is conducted by representatives of the five largest banks - players in the precious metals market. The fixed price per ounce of gold is set twice a day. This happens in 10:30 and in 15:00 London time or 13:30 And 18:00 by Moscow time.

What does the concept of an ounce include in the field of gold and precious metals?

The word ounce from the Latin “uncia” dates back to the times of Ancient Rome. Residents used huge bronze coins as money, after cutting them into pieces. Thus, one twelfth of this coin became known as an ounce and had a weight of 27.288 grams.

Collectible coin one ounce

Naturally, this differs from the weight value of a modern ounce. After a short time it became very common as a unit of weight throughout Europe. Subsequently, many countries around the world began to use the metric system in measuring weight. But the ounce is the oldest unit still in use in jewelry and banking.

History of origin

Since the 13th century, 1 ounce has been equal to 1/16 of a pound. As a rule, if we're talking about When talking about the concept of an ounce of gold, they usually mean a troy ounce. The story of its origin is interesting. In French city Troyes, which is located in the province of Champagne, in the 12-13th century, world-famous fairs were held, where, due to the need for the exchange of money (of which there were many types, since traders from all over the world came there), a unified standard system began to be developed measurements.

The basis was the French livre, which was equal to a troy pound of silver. When exchanging precious metals, gold was measured in troy ounces. Since then, it has become a measure that determines the weight of precious metals in many modern countries. A weight equal to a twelfth of a troy pound is the weight of an ounce. The troy pound, or otherwise the gold coin pound, existed as the main unit of weight in England from 1824 to 1858 and was equal to 373.2417 grams. Thus, one troy ounce of gold in grams has a weight of 31.1035 grams.

City of Troyes in France.

Many people are interested in the gold rate, or how much does an ounce cost?

Around the world, the yellow metal has a value expressed in United States dollars per ounce. Although the metric system is more common today, an ounce of gold is a symbol of centuries-old traditions, and its price is determined by a standard of quality and purity.

The London fixing, which is carried out by the main players in the precious metals market (they are representatives of the five largest world-class banks), determines how much 1 ounce of gold will cost.

The fixed price is set twice a day: 10:30 and 15:00 London time or 13:30 and 18:00 Moscow time. Thus, the price of the precious metal in troy ounces is constantly changing.

IN last years the price of the yellow metal increased from 520 to 1250 US dollars. According to many financial analysts, one should expect a constant but smooth increase in value. And this gives a good reason to invest in its purchase to protect them from inflation. Today, for 1 ounce of precious metal you can buy the same benefits as two centuries ago. For example, in the 18th century, one ounce of gold could buy an excellent men's suit, and now its price is at the same level.

London fixing online

Units of measurement in different countries

Shekel. It is of Hebrew origin. Not used often and equals 11.4 grams. A quarter of a shekel is 2.85 grams.

Some countries use their own units of measurement.

For example, a tola unit equal to 11.6638 grams is used in Luxembourg. It is measured when buying or selling scrap gold and other types of gold.

One bass in Taiwan will be 15.244 grams. In Thailand, a thael in use is equal to 37.5 grams, and in China and Hong Kong one thael weighs a little less - 37.429 grams.

Varieties

Usually, when making a transaction to buy or sell an item, a person asks not only what an ounce of gold is and what its price is in grams, but is also interested in the fineness and weight of the item. It is also necessary to know that in addition to Troy, there are several other varieties in circulation:

The pharmacy, in which 1 ounce equals 29.860 grams, was common in Russia until the end of 1930;
Maria Teresa, containing 31.1025 grams;
Ancient Roman, the most widespread in history ancient world, and when asked how much 1 ounce is a gram, at that time they said that it was 27.3.

Historically, many coins weigh exactly one ounce.

Thus, you need to know how much a troy ounce of gold weighs before you buy or sell an ingot or coins or scrap.

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Everything you need to know about the troy ounce

Transactions in the precious metals market take place under the auspices of the London Stock Exchange, which determines the average market price of gold, silver and platinum per 1 ounce. A completely natural question arises here: what is 1 ounce of gold? What is the weight of an ounce and does this indicator change somehow? First of all, it is necessary to note the fact that the troy weight system is a standard measure for assessing precious metals; it has been used for several centuries and is not only a unified meter, but also a kind of guarantor of high professionalism and quality of transactions at the international level. However, for domestic person It is often more common to measure the weight of precious metals in grams, even though this indicator is much less common. What is an ounce of gold? How much does an ounce weigh and how many grams are in one ounce? This and much more will be discussed further.

An old weight system that is still used today

If you think about how long the designated measure of weight has been used, you may involuntarily be surprised. The “one ounce” indicator first appeared in the business environment as a full-fledged indicator more than two centuries ago. As a matter of fact, at that time, the troy ounce served as one measure of value for each market participant, because it is incredibly difficult to determine the exchange rate of the precious metal in relation to each national currency. The ancestors of the troy ounce can be considered the French, namely the enterprising residents of the city of Troyes. Today, 1 ounce is used not only in trading on the stock exchange, the banking segment and jewelry stores also use this indicator. “1 troy ounce” - how many grams are in this indicator and is accuracy important?

Accuracy is the key to reliable trading

The answer to the question of how many grams are in one ounce of gold is quite accurate. 1 ounce is 31 grams of precious metal, containing no impurities at all. However, even small transactions use a more precise ounce weight, namely 31.1034768 grams. This accuracy is due to the history of the formation of the international precious metals market. The fact is that 1 ounce in grams is exactly equal to one twelfth of the English gold coin pound. In general, this weight can be called an unspoken standard for banking in the Middle Ages. In those days, most gold coins weighed exactly 30 grams. Accurate weights are also necessary to maintain order during the bidding process, as money is known to love an accurate count. However, the same can be said about precious metals. As you can see, the answer to the question of how many grams are in 1 ounce is not so clear. In addition, several types of this indicator should be distinguished and in no case should they be confused.

So, for example, there is also a pharmaceutical and ancient Roman analogue. However, unlike Troy, these indicators have not been used in the banking industry for quite some time. A troy ounce is also equal to 1/480 of a troy grain, however, this indicator has sunk into oblivion. Among other things, this indicator is used as a weight meter for investment coins, such as, for example, the silver dollar. Oddly enough, such an old weight system still functions perfectly. The high accuracy of this measure is the key to the stability of trading at the international level, so this value is unshakable.

Fixing, what is it?

In addition to the question of what an ounce is equal to, it is also necessary to determine how the price of precious metals is formed. After all, in the end, what matters to a trader is not so much the weight of an ounce, but its cost. How is the price determined on the precious metals market and what is it equal to today? The word “fixing9raquo; appears quite often in the literature on the precious metals market. Essentially, a fixing is a set price for 1 ounce of gold, silver or platinum. One troy ounce of gold today costs $1,315. Of course, we are talking about 999 standard gold. Fixing is set twice a day by the London Stock Exchange and trading is conducted all over the world based on this indicator. The price is formed depending on the actions of the main players, namely gold suppliers and investors, as well as depending on the dollar exchange rate.

In relation to the domestic market, the situation is similar and the only difference is that the Central Bank uses the cost of gold per gram as the main indicator. But, if we convert the weight of a troy ounce and take the official dollar to ruble exchange rate as a basis, then the final value turns out to be the same. How much does 1 gram of gold cost in the Central Bank? The price of gold per gram has increased slightly recently and is now 2,700 rubles. According to rough forecasts of economists, the market, which has recently experienced a large-scale decline, is gradually recovering and a stable rise is expected in the future.

Depending on the level of the participant

Typically, the cost of gold at international auctions, in a large jewelry center and in a small store will vary dramatically depending on whether local or global factors prevail in the formation of value. So, for example, the question of how much a gram of gold costs in a pawnshop and, for example, on the stock exchange in Moscow is significantly different. Concepts such as one troy ounce and its price in relation to the dollar exchange rate may well be unfamiliar to the owner of a small point of sale of jewelry, since in his business, in the process of pricing, he is guided by personal interest and the characteristics of the local segment. In this case, the weight of this indicator may well simply be approximately equal to thirty grams.

An ounce, how many grams there are in this indicator, its history and place in the modern realities of the precious metals market is extremely interesting and necessary information for any trader. What is the weight of this indicator, how its price fluctuates and under the influence of what factors it is formed - these are the questions that determine whether a player’s actions on the stock exchange will be profitable, because the more a trader knows about his segment, the more plausible his forecasts will be.

Collectible One Ounce Coin

History of origin

Since the 13th century, 1 ounce has been equal to 1/16 of a pound. As a rule, when we talk about the concept of an ounce of gold, we usually mean a troy ounce. The story of its origin is interesting. In the French city of Troyes, which is located in the province of Champagne, in the 12-13th century, world-famous fairs were held, where, due to the need to exchange money (of which there were many types, since traders from all over the world came there), the development of unified measurement system standard.

City of Troyes in France.

Price

Many people are interested in the gold rate, or?

The fixed price is set twice a day: 10:30 and 15:00 London time or 13:30 and 18:00 Moscow time. Thus, the price of the precious metal in troy ounces is constantly changing.

In recent years, the price of the yellow metal has risen from US$520 to US$1,250. According to many financial analysts, one should expect a constant but smooth increase in value. And this gives a good reason to invest in its purchase to protect them from inflation. Today, for 1 ounce of precious metal you can buy the same benefits as two centuries ago. For example, in the 18th century, one ounce of gold could buy an excellent men's suit, and now its price is at the same level.

London fixing online

Units of measurement in different countries

Shekel. It is of Hebrew origin. Not used often and equals 11.4 grams. A quarter of a shekel is 2.85 grams.

Some countries use their own units of measurement.

For example, a tola unit equal to 11.6638 grams is used in Luxembourg. It is measured when buying or selling scrap gold and other types of gold.

One bass in Taiwan will be 15.244 grams. In Thailand, a thael in use is equal to 37.5 grams, and in China and Hong Kong one thael weighs a little less - 37.429 grams.

Varieties

The pharmacy, in which 1 ounce equals 29.860 grams, was common in Russia until the end of 1930;
Maria Teresa, containing 31.1025 grams;
Ancient Roman, the most common in the history of the ancient world, and when asked how much 1 ounce is a gram, at that time they said that it was 27.3.

Historically, many coins weigh exactly one ounce.

Thus, you need to know how much a troy ounce of gold weighs before you buy or sell an ingot or coins or scrap.

Troyskaya ounce of gold, platinum, silver is 9.7% heavier than a similar ounce of Avoirdupois. It is not used for weighing precious metals in the jewelry industry, banks or stock exchanges. Confusion in concepts often leads to the fact that jewelry is sold on the Internet with a weight indicated in ounces, but which ones are not specified. Therefore, you need to find out which ounces are indicated by the seller, otherwise you may overpay for that same 9.7%.

In grams, an ounce of gold is equal to 31.104 g, it is calculated relative to the troy pound and is 1/12 of it. The unit of measurement is abbreviated "t oz", but sometimes "ozt" is used. Among modern ounces, the heaviest in grams is the troy ounce of gold; in ancient times the British used it as an apothecary's measure of weight. Herbs, medicines, potions and mixtures were packaged weighing 31.104 grams.

Now the troy pound has fallen out of use, only the avoirdupois remains in English use, but the troy ounce has been preserved as a measure of weight for precious metals.

Many people assume that the name of the troy ounce is associated with the ancient Greek city of Troy, but historians do not think so. According to scientists, the name of the ounce was formed in the French province of Troyes Champagne, where the first fair was organized back in the 5th century. And in the 14th century it was the largest in Europe and became one of the main centers of all world trade.

Traders from many countries came to this market, and since different states had their own weight measures, confusion arose when weighing goods. Each city in France then had its own measure of weight - the Cologne pound, the Toulouse pound, and in Troyes there was the Troy pound.

The first mention of the Troy pound dates back to 1390. So the merchants made the local measure of weight uniform for the entire fair and all goods began to be measured in troy ounces. Many countries adopted this French measure of weight, including the British.

U troy ounce of gold there was a fixed weight, and it was very convenient. In Europe at that time there was another measure of weight, which was called gran. This measure meant average weight grains of barley, but people have had a dispute for centuries over exactly what mass the grain has and what grain can be considered average.

In 2015, a sharp jump in the price of gold was recorded on the ruble market. This phenomenon is associated with the devaluation of the Russian currency and its fall against the dollar and euro. For 1 gram of gold at the beginning of 2014 they asked for about 1,300 rubles, now the increase in price is over 70%. According to experts, if the devaluation of the ruble continues further, the cost of 1 gram of gold will also increase.

In addition to data on how many grams an ounce of gold contains, since 1950 there has been information on the price of one unit of valuable elements. At that time, the price of an ounce of gold was $34.7. In 1973, there was a sharp jump in the value of gold.

So the price increased from 97 to 160 dollars per ounce. Then, in 1979-1980, the cost increased further and now an ounce of gold cost $300. Then the price of gold began to fall, so the cost of an ounce of gold fell from 600 to 299 conventional units.

Started in 2002 new round increase in the price of gold. And for almost 15 years now they have been asking for ounce of gold more and more.

In bullion and on exchanges, 1 ounce of gold has a fixed price. But for jewelry stores and workshops, the settings that banks define are only the starting point. When determining the final price for a precious item, a markup is made on the work of the jeweler, accounting for the remuneration of sellers and maintenance costs retail outlets. Therefore, the final price per ounce of gold may differ greatly from the actual cost.

This circumstance has led to the fact that the demand for investment coins has now fallen Central Bank Russia. People knowledgeable in this matter understand that the 7.78 g sample is overpriced, which is why in recent years investments have increasingly been made in European Philharmonic coins. Also popular is the American Eagle, which contains exactly 1 troy ounce, but the price differs from 1 ounce of gold, since this sign is platinum.

Although the Central Bank of Russia miscalculated in its sales policy, it continues to purchase precious metals. His storerooms contained 33,300,000 supplies ounces of gold, which were increased in February 2015 to 37,000,000 troy ounces.

The word ounce is translated from Latin as “trifle” or “little.” This term began to be used in Ancient Rome, when they designated a measure of weight, namely the twelfth of an assa, a coin weighing 27.3 grams. Soon the entire European part of the world knew what an ounce of gold was and it began to be used as a generally accepted measure of weight. Many countries, however, abandoned it in favor of the metric system. However, the ancient measure is still used today by jewelers and bankers. So what is 1 ounce of gold, a troy ounce, how many grams of gold is in it?

Unit of measurement at different times

Since the 13th century, one ounce was equal to 1/16 of a pound, and even then they knew how many grams of gold were in an ounce. Since that time, the concept of the troy ounce arose. The French town of Troyes traditionally held fairs with worldwide fame. The huge number of varieties of banknotes has led to the need to exchange them for a single one. A standard was developed for reducing each monetary unit to the French livre. The exchange system assumed its equality to the troy pound of silver. The troy ounce in grams was taken as the equivalent when exchanging precious metals. It was equal to a dozen of a troy pound. The English gold coin pound corresponded to 373.2 grams (it is different from the English pound), and a troy ounce of gold in grams was 31.1.

Troy grain – 1/480 of the weight of a troy ounce. Its weight is equal to the weight of an apothecary and trade grain. There is also a troy ounce, silver, platinum and palladium.

In ancient times, division of this measure was also assumed. Half of it was the semuntium, the fourth was the sicilicus, the sixth was the sextulus, the 24th was the scrupula and 144 was the siliqua (the silver coin of Rome).

It was also generally accepted to designate this measure - a dot, a horizontal line, signs or a convex hemisphere on coins.

Ounces were used to determine the measurements of surfaces, lengths, and capacities; they denoted the amount of inheritance and banknotes. The latter were minted from copper and contained 23.6 percent lead and 7 percent tin. One side of the coin contained an image of the city's coat of arms, the other - the head of Minevra.

Today, the ancient unit of measurement is used in trading precious metals and in countries where pounds are used to measure weight - the USA.

Cost per ounce

An ounce of gold is a sign of quality, its value is a symbol of purity. Its value is determined in US dollars. The metric system is more common, but it is still not widely used.

The price of gold is determined by the London fixing. It took place for the first time on September 12, 1919. It is conducted by the main players in precious metals trading, including the five leading banks in the world. The price is not constant, it is fixed twice a day, the first time at 10-30 London time.

Over the years, the value of precious metals has increased almost 2.5 times, and this is not the limit. Leading financiers foretell a protracted rise in the value of precious metals.

One modern measure of gold is equivalent to what it was two centuries earlier. For example, in the 18th century, a good men's suit was priced at an ounce. Now its cost remains the same. This confirms the benefits of investing savings in gold, reliably protecting them from depreciation.

Measure in different countries

An ounce of gold is how many grams are understood, and what other units of weight are there, because not all countries followed the generally accepted unit of measurement.

In Germany, it was equated to 16 parts of a trade pound or 8 parts of a mark, as well as 12 parts of a small pharmaceutical weight. By the way, this measure came to our pharmacies from Germany.
In Italy it was equivalent to 12 parts of a pound.
In Spain and Portugal it was 16th of the trade pound.
An ounce in Sicily was a coin unit, namely 2.5 scudi and 3 ducats.
In Spain it was a doubloon, as in Latin America.
A shekel of Hebrew origin is equal to 11.4 grams, and a fourth of it is 2.9. Used extremely rarely.
There is a tola in Luxembourg, it weighs 11.7 grams. It is used more often in implementation.
In Taiwan, a bass of 15.2 grams is used.
In Thailand, they focus on a tael, equivalent to 37.5 grams.
Tael in China or Hong Kong is 37.4 grams.

Types of units of measurement

In addition to the troy weight measure, there were and are other variations of it.

What is the pharmaceutical ounce that was used in Russia in the last century? Its weight is 29.9 grams. This is an outdated term.
1 ounce of Maria Teresa contains 31.1 grams.
Liquid (abbreviated fl oz) is used when determining the volume of a liquid substance. There are American and English. American is 29.6 ml, and English is 28.4 ml. In the USA, a liquid measure is equal to 30 ml.
The avoirdupois measure (abbreviated oz at) consists of 28.3 grams and is used today in the United States and other countries.
In the Netherlands, since 1820, an ounce has meant 100 grams. Then the country switched to the metric measurement system.

IN different periods Since then, coins have been minted weighing exactly one ounce. Among them are the American golden eagle and golden buffalo, chinese panda, gold Maple Leaf originally from Canada, Philharmonic from Austria, from Australia, Krugerrand from South Africa.

The high accuracy of this measure of the weight of precious metals has been a standard of quality for centuries, a guarantee of stability in the world economy and international trading. It remains unshakable and a priority.

How many grams per ounce of gold can be calculated using special online converters.

In our turbulent times, one of the most important indicators of the reliability of the economic condition of a country is the totality of its gold reserves. When talking about the value of this yellow metal in one currency or another, they use a rather strange measure called the troy ounce of gold. For some reason, the cost of this metal is not reflected in grams. How did this happen, why is the universal weight unit not used when weighing gold? And how much does a troy ounce weigh in grams?

What is an "ounce"

The concept of an ounce was born in Ancient Rome. In those days, bronze coins were in circulation, which were divided into parts. The twelfth part of a bronze ancient Roman coin was called an ounce. In modern equivalent, its weight was just over 27 grams.

Over time, the ounce began to be used not only as a monetary unit. Since Rome had fairly strict standards for minting coins, ounces became convenient for weighing small measures of various substances. The price of gold has always been high, so the ounce was the best choice for weighing this metal. Over time, this small measure of scales spread throughout Europe.

How to convert troy ounce to grams

Converting troy ounces to grams is quite simple. It should be remembered that one troy ounce is equal to 31.1035 grams. Accordingly, to convert, you should multiply this value by the required number of ounces.