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Spot price of 1 troy ounce of gold on 10-05-2010 is currently US dollars $1340.00 per troy ounce. 18 karat gold is 75 percent gold, so take the TROY ounce weight for the 18 karat gold item times .75 to get the PURE 24 karat gold amount, then multiply that by 1340.

1 troy ounce of 18 karat gold is worth $1005 dollars.

1 troy ounce is equal to 31.1034768 grams, or 1.09714286 US ounces,

(so you need MORE than one US ounce of pure 24 karat gold to get the spot price of a TROY ounce of gold!)

Another Answer

You can pick up 18 carrots at the local produce stand for less than two dollars US.

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14y ago

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