At that price per troy ounce, 1dwt of 14k gold would cost $42.15 USD
One once of gold is more valuable than one ounce of silver. It would be a better decision to buy gold. Even if you want the silver, you can then simply sell the gold, and buy even more silver.
When buying gold, it is measured in ounces. There are 31.103 grams in each ounce of gold. A 1 oz gold coin would therefore weigh 31.103 grams which is different from the regular conversion of grams to ounces.
The US government regulated the price of gold at $35 an ounce from 1934 to 1971.
Actually, precious metals (gold, silver, platimun, & palladium) are measured in troy weight. One troy ounce is about 1.097 (avoirdupois - what we normally use in the U.S.) ounces, and one troy pound is 12 troy ounces. Therefore, one pound of gold (troy) is equal to about .824 pounds (avoirdupois). One pound of gold weighs only .824 times as much as a pound of feathers....or lead.
An ounce of gold can be stretched into a wire 80km (50miles) long or beaten into a sheet covering 9 square metres.
7.1 grams of gold is about 1/4 ounce of gold, the purity defines the cost per ounce divided by 4.
A ounce of gold costs 500dollars
An ounce of rice is about 48 cents, an ounce of gold is about $ 1,160
One ounce of gold is about 1,100.
The price of gold at present is about 900 USD per ounce There for 1 lb of gold would cost 14,400 USD
It cost $1,100.00 per troy ounce to mine, extract and refine one ounce of pure Gold. Walt
it is the market-cost of gold and, as far as i know, it means the cost of gold when it makes up 99.5% of a troy ounce. gold generally occurs, after refinement, at a purity of 99.5% within every (troy) ounce of "gold", i.e. 0.5% of the troy ounce constitutes impurities.
10 pounds an ounce
In 1849, one troy ounce of gold was worth $20. A $20 coin contained .9675 ounce of pure gold.
If its a gold nugget then it would depend how big it is. But an ounce is $500- $1000 dollars.
You can get current and historical prices of precious metals at kitco.com. Right now gold is at $1379/ounce
The cost of gold varies continuously. This is known as the "spot price" at which retail bullion gold can be purchased. At the highest price in 2011 ($1800 USD per troy ounce), gold would be $57.88 USD per gram. At the average late 2011 price of $1650 USD per troy ounce, the price would be about $53 USD per gram.