Gold and other precious metals are measured using tht Troy Measurement System instead of the Avoirdupois Weight System common in the US. A troy pound is equal to 12 Troy ounces. There are 16 ounces in a pound (avdp). The common point where one Troy something equals one Avoirdupois something and one Apothecary something is the grain. One pound (avdp) equals 14.583400600306332 Ounces (troy). So when speaking of gold silver or platinum a distinction should always be made on which weight system is in use.
A pound of gold weighs 14.583 troy ounces. This answer is correct only if you mean an avoirdupois pound. A troy pound (used for precious metals) is 12 troy ounces. If you ask how many troy ounces are in a pound, you would normally mean a troy pound unless you specify another type of measure - there are several different difinitions for the measure "pound".
There are 16 ounces in one avoirdupois pound, the weight system used for everyday purposes in the United States.However, there are only 12 ounces in a Troy pound, the weight system used for gold, silver, and gemstones.
Gold is priced by Troy ounces.A Troy pound is equal to 12 troy ounces, but a 'regular pound' is equal to 14.58 Troy ounces.1 Troy ounce = 1.0971 ounces
1 troy ounce = 31,103 476 8 grams = 0,083 329 32 pound troy
There are 16 weight ounces in one weight pound.
One pound of gold is 12 Troy Ounces. How much 1 pound of gold is worth is another question and depends on the current Spot Market price of gold per Troy Ounce.
1 pound (troy or apothecary) = 0.823 avoirdupois pounds.
No, 16 ounces = one pound
== == There are 16 ounces in a pound.
There are 12 troy ounces in one troy pound.
There are 12 troy ounces per troy pound, rather than the 16 ounces per pound.
There are 16 ounces to the British pound. 2000 pounds to the ton. 16 x 2000 = 32,000. 32,000 ounces to the ton. There 12 ounces to the troy pound which is the unit of measure for precious metals. 12 x 2000 = 24,000. 24,000 ounces of gold or silver in a ton.