Is a troy ounce the same as an ounce?

Is a troy ounce the same as an ounce?

Obviously, then, a troy ounce is a bit heavier than a regular ounce. One regular ounce is 28.35 grams, while a troy ounce is 31.1 grams. The weights are close, but the difference becomes very noticeable when you're trading in larger quantities of precious metals.

Why is a troy ounce?

A troy ounce is a unit of measure used for weighing precious metals that dates back to the Middle Ages. Originally used in Troyes, France, one troy ounce is equal to 31.1034768 grams, according to the U.K.

Is gold weighed in troy ounces?

Troy ounces. One troy ounce is 31.1034768 grams, or 0.0311034768 kilograms. The troy ounce is used in the weighing and pricing of the precious metals : gold, platinum, and silver. A troy ounce is equivalent to 480 grains.

What is the abbreviation for troy ounce?

A troy ounce (abbreviation t oz) equals approximately 31.1 grams (which is equal to 480 grains). It is the most commonly used measure of expressing the weight of precious metals today. Bullion coins are usually sold in troy ounces.