Gold is priced in ounces, and the price changes very quickly. A pound would be sixteen times the ounce price.
$17 309.0848 on 03-Aug-2010
Current gold price is 767.36 Pound Sterling per troy ounce. therefore 1lb (16oz) = £12,277.76 (Price as of 25th May 2014, gold price changes daily.)
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19644
over 9000 gold coins!
- Assuming the gold is pure; 24kt - Current price of gold as of 8/8/11 in USD: ~$1707/oz - 16oz = 1lb ; 480oz= 30lb - 480oz * $1707/oz = ~$819,360
Your question answer the question. 1lb=1lb
Gold is priced in ounces, and the price changes very quickly. A pound would be sixteen times the ounce price.
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