If you are new to buying and selling gold or other precious metals, you may be unfamiliar with the troy ounce. Unlike other consumer goods such as food products, precious metals are weighed using a different system. This system is the troy ounce. It is very important for gold buyers and sellers to understand the difference between these two units of measurement.
A troy ounce is a unit of measure that is used to weight precious metals such as gold and silver. It is larger than a standard ounce and is the standard form of measurement used for buying and selling precious metals.
How Many Grams Is in a Troy Ounce of Gold?
A troy ounce is larger than a standard ounce (known as the avoirdupois ounce). It is important for gold buyers and sellers to be aware of the difference as there is a fairly significant difference between the two. An avoirdupois ounce is 28.35 grams while a troy ounce is larger.
1 troy ounce = 31.1034768 grams
Without knowing the difference between a troy ounce and an avoirdupois ounce, buyers and sellers risk losing money on their investment. Most professional gold buyers and sellers will list their gold in troy ounces. Always consider converting the avoirdupois ounces to troy ounces when buying gold or selling gold privately.
Where Can I Have My Gold Weighed?
If you are looking to buy or sell gold it is best to consult with a professional. Reputable gold buyers such as Pinto Cash For Gold are able to give you the most accurate assessment of your gold pieces. They have the experience and equipment available to weigh your gold properly.
A trusted professional will always offer you the best value for your gold. For safety and piece of mind always buy and sell with professionals.