$1,120 an ounce.Look at this chart:
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A ounce of gold costs 500dollars
One ounce of pure gold is in 1 ounce of pure gold dust.
12k gold would be worth about $487.50 per ounce.
An ounce of gold looks like a raise or flatten piece of a gold, it is also sometimes referred to as a gold nugget.
The unit used in weighing gold is the troy ounce; 1 troy ounce is equivalent to 31.1 grams.