There are 20 pennyweights also referred to as DWT in an ounce. There are also 31.1 grams in an ounce.
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$1015.15 per ounce
As of this minute the spot price of gold is $1,110.00 per ounce
An ounce of gold often looks like a tiny little brick. At times, an ounce of gold will look like several little pieces of gold, not yet melted together.
Precious metals are generally measured in troy ounces, so one troy oz of 14k gold is equal to 31.1 grams.
It cost $1,100.00 per troy ounce to mine, extract and refine one ounce of pure Gold. Walt