Weights
The weight of precious metals is typically measured using various units, depending on the region and the specific metal. Here are some common units used to measure the weight of precious metals:
Troy Ounce (oz t): The troy ounce is the standard unit of measurement for most precious metals, including gold, silver, platinum, and palladium. It is slightly heavier than the avoirdupois ounce, which is used for everyday items. One troy ounce is approximately equal to 31.1035 grams.
Gram (g): The gram is a metric unit of weight commonly used to measure precious metals, especially in countries that use the metric system. One troy ounce is approximately equal to 31.1035 grams.
Kilogram (kg): The kilogram is a larger metric unit used to measure larger quantities of precious metals. One kilogram is equal to 1,000 grams or approximately 32.1507 troy ounces.
Pound (lb): While not as commonly used as troy ounces and grams, pounds are sometimes used to express the weight of larger quantities of precious metals. One pound is equivalent to approximately 14.5833 troy ounces.
Pennyweight (dwt): The pennyweight is another unit used in the jewelry industry to measure precious metals. It is equal to 1/20th of a troy ounce, or approximately 1.5552 grams.
Grain (gr): The grain is a very small unit of weight used primarily in the context of precious metal purity, particularly for gold. One troy ounce is equivalent to 480 grains.
Tola: The tola is a traditional unit of weight used in some Asian countries, particularly for measuring gold. It is equivalent to approximately 11.6638 grams or 0.375 troy ounces.
Baht: The baht is a unit of weight used in Thailand to measure precious metals, especially gold. It is equivalent to 15.244 grams or approximately 0.490 troy ounces.
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