What does troy ounce mean?

Answer Troy ounces are the standard measure used in the sale of precious metals and coins. A troy ounce is about 10 percent heavier than the ounce used for weighing everyday items such as food and drinks,... Read More »

Top Q&A For: What does troy ounce mean

Differences Between an Ounce and a Troy Ounce?

When weighing items, is an ounce or troy ounce used? "Webster's New World Finance and Investment Dictionary" says to use ounces to measure volume in pounds or cups. Use troy ounces to weigh precio... Read More »

What is the Value of 1 Troy Ounce of Silver?

Precious metals are quoted in troy ounces, and a May 2010 quote for silver was about $17.65 USD. Prices vary due to supply and demand. One "troy" ounce is the equivalent of about 31.1 grams, while ... 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 »

What is a troy ounce when measuring gold?

A troy ounce is the internationally accepted standard unit of weight for precious metals like gold. A troy ounce is slightly heavier than an avoirdupois ounce used to weigh groceries and mail. One ... Read More »