What is the difference between an ounce and a troy ounce of gold? A single standard ounce equates to approximately 28.349 grams. This is used as a measure for almost all common commodities. However, #gold is not a common commodity! Therefore, we measure the price of gold and other precious metals in troy ounces. One single troy ounce weighs about 31.103 grams. Approximately 31.1035 grams of 24 karat #puregold makes up one troy ounce. A kilogram consists of 32.15 troy ounces. France created this
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Silver is close to $100 per troy ounce, and we could see triple-digit silver in the very near future. The difference between the high and the low has been over $5 for 9 out of the last 16 trading days, and if this trend continues, we could see $100 as early as this week. Keep an eye on precious metals movements on our price pages! #apmex #marketpulse #marketpulseshort #gold #silver #preciousmetals | APMEX, Inc.
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