What Is the Meaning of a Gold Ounce?

Answer A "gold ounce" is one troy ounce of elemental or pure gold. A troy ounce weighs 31.103 grams, compared to 28.348 grams for a standard ounce. Troy ounces are used to measure precious metals and gems... Read More »

Top Q&A For: What Is the Meaning of a Gold Ounce

What is gold worth per ounce?

The value of gold fluctuates throughout the day and can rise and fall sharply over a period of months or even weeks. However, the price reached record highs in the 2000s and, as of May 2010, consis... Read More »

What is the mass of one ounce of gold?

Gold density or molecular mass is not relevant to this question. Mass measures how much "stuff" is in a sample. Weight is the gravitational force on a sample. On a heavier planet, gold with a mass ... Read More »

What is the size of an ounce of gold?

An ounce of pure gold is about the size of a cube that is 0.45 inches on each side (a little smaller than standard Western dice). Gold weighs 19.30 grams per cubic centimeter. There are 28.35 grams... Read More »

What is the value of one Troy ounce of gold?

One Troy ounce of gold, which equals 31.1 grams, is valued at about $1,230, as of May, 2010. In the year previous to May 2010, the value of one Troy ounce of gold ranged from a low of $909 to a hi... Read More »