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What is the cost of 1.00g of gold if the price of gold is 655.00 per oz?
Wiki User
∙ 13y ago
Gold is valued in Troy Ounces. There are 31.103g to a Troy Ounce.
To work out the value of 1g of gold:
[price per ounce] / 31.103
Therefore, to answer your question:
655 / 31.103 = 21.06
Wiki User
∙ 13y ago
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