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Friday, May 8, 2015

The Difference Between Ounce and Troy Ounce

It should be noted that gold and silver prices quoted as “per ounce” are generally referring to troy ounces. There is a meaningful difference between the two and many sites, this one included, do not state that difference frequently enough. Here is the basic difference in a nutshell:
Ounce (oz)Troy Ounce (ozt)
28.3495231 Grams of Silver 31.1034768 Grams of Silver
437.5 Grains of Silver480.0 Grains of Silver

Click Here to Learn More About the Troy Ounce

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