The unit used in weighing gold is the troy ounce; 1 troy ounce is equivalent to 31.1 grams.
Gold is sold buy the TROY ounce. The troy ounce has 31.225....grams. When people say 28 grams is the weight of an ounce it refers to standard weight.
One user said:While on the face of it a pound of feathers would seem to weigh the same as a pound of gold, this overlooks the fact that gold is universally weighed using a different definition of 'pound' than that used for most other materials.Precious metals such as gold are measured in troy weight. A troy pound is 12 troy ounces, and each troy ounce is 480 grains, making a total of 5760 grains to the pound of gold.Most materials use pounds and ounces from the avoirdupois system, and such a standard pound is made up of 16 ounces, where each ounce is 437.5 grains, making a total of 7000 grains to the pound of feathers.All this means that a "pound" of feathers (or bricks, or lead) is heavier than a "pound" of gold.
A kg is a kg so they are the same.This riddle only works for a pound of gold and a pound of feathersPrecious metals such as gold are measured in troy weight. A troy pound is 12 troy ounces, and each troy ounce is 480 grains, making a total of 5760 grains to the pound of gold.Most materials use pounds and ounces from the avoirdupois system, and such a standard pound is made up of 16 ounces, where each ounce is 437.5 grains, making a total of 7000 grains to the pound of feathers.All this means that a "pound" of feathers (or bricks, or lead) is heavier than a "pound" of gold.
One ounce of pure gold is in 1 ounce of pure gold dust.
The unit used in weighing gold is the troy ounce; 1 troy ounce is equivalent to 31.1 grams.
no
A Troy ounce is a unit of mass used for measuring precious metals like gold and silver, where 1 Troy ounce is equal to 31.1035 grams. An avoirdupois ounce is a unit of mass commonly used in the US customary and British Imperial systems, equal to approximately 28.35 grams. Avoirdupois ounces are typically used for everyday items like food and body weight measurements.
Let me rephrase the question... "If gold is $3 per ounce how much would it be for a whole pound?" there are 16 oz in a pound, so 3*16= $48
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The troy ounce (ozt) is 480 grains. There are 12troy ounces per troy pound.
A pound of gold weighs 14.583 troy ounces. This answer is correct only if you mean an avoirdupois pound. A troy pound (used for precious metals) is 12 troy ounces. If you ask how many troy ounces are in a pound, you would normally mean a troy pound unless you specify another type of measure - there are several different difinitions for the measure "pound".
Gold is priced by the ounce. A 50 pound block would be 600 ounces and would cost 600 times the one ounce price. (The reason it's 600 oz. is because gold -- and all precious metals -- are measured in Troy ounces, which are twelve to the pound.)
Precious metals like gold and silver are weighed using the Troy system where there are 12 Troy ounces in a Troy pound and each oz. consists of approximately 31.1 grams. Most other items in English-speaking countries are weighed using the Avoirdupois system where there are 16 Avoirdupois ounces in each Avoirdupois pound and each oz. consists of approximately 28.35 grams. Consequently, a Troy pound = 373.2 grams and an Avoirdupois pound = 453.6 grams. So, an ounce of gold is heavier than and ounce of iron, but a pound of iron is heavier than a pound of gold.
The value of 100 pounds of gold would depend on the current market price of gold per ounce. As of June 2021, the price of gold is around $1,800 per ounce. Therefore, 100 pounds of gold would be worth approximately $2.88 million.
A gold troy ounce weighs about 31.1 grams, which is slightly heavier than a regular (avoirdupois) ounce that weighs approximately 28.3 grams. This measurement is commonly used for weighing precious metals like gold, silver, and platinum.
1/12. 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.