Weight unit guide

Troy Ounce of Gold vs a Regular Ounce

Gold and other precious metals use the troy ounce. Knowing the difference prevents a common conversion error when reading a spot price or estimating the value of a physical item.

The two ounces are not the same

One troy ounce equals 31.1034768 grams. A regular avoirdupois ounce used for many household goods equals about 28.3495 grams. A gold price per ounce means troy ounce unless the source says otherwise.

The two ounces are not the same
UnitGramsTypical use
Troy ounce31.1034768 gGold and other precious metals
Regular ounce28.3495 gMany household and general-weight goods

How Gold Spot Now converts the unit

The shared calculation module divides a USD price per troy ounce by 31.1034768 to obtain the theoretical price per gram. It then scales that value to kilograms, tola, or pennyweight when a calculator input requires it.

What the conversion does not include

Unit conversion only describes metal weight. It does not account for a coin or jewellery premium, dealer spread, taxes, delivery, condition, assay, or a scrap buyer's offer. The resulting number is informational and theoretical.

Helpful answers

Troy Ounce of Gold vs a Regular Ounce FAQ

How many grams are in a troy ounce of gold?

One troy ounce contains 31.1034768 grams. Gold Spot Now uses this constant when converting a troy-ounce spot reference into a per-gram estimate.

Is a troy ounce heavier than a regular ounce?

Yes. A troy ounce is about 31.1034768 grams, while a regular avoirdupois ounce is about 28.3495 grams.

Does gold price per ounce mean troy ounce?

Precious-metals quotations normally use the troy ounce. Check the source's unit if the wording is ambiguous; this site's gold price per ounce means troy ounce.