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Gold and Precious Metals

What is a oz of gold?

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May 13, 2012 8:43PM

Gold is traded in Troy ounces. Troy ounces are different from the Avoirdupois (pronounced: a-vo-du-pwa) system of weight measurment.

The Avoirdupois Weight System has 28.35grams to an ounce.

The Troy Weight System has 31.10grams to an ounce.