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Troy ounce is a traditional unit of gold weight. Troy weight is a system of units of mass that originated in 15th-century Kingdom of England [1] and is primarily used in the precious metals industry. The troy weight units are the grain, the pennyweight (24 grains), the troy ounce (20 pennyweights), and the troy pound (12 troy ounces).
Bullion coins are the most common products produced and marketed in troy ounces, but precious metal bars also exist in gram and kilogram (kg) sizes. (A kilogram bullion bar contains 32.151 troy ounces.) For historical measurement of gold, a fine ounce is a troy ounce of pure gold content in a gold bar, computed as fineness multiplied by gross ...
The gram (originally gramme; [1] SI unit symbol g) is a unit of mass in the International System of Units (SI) equal to one thousandth of a kilogram . Originally defined as of 1795 as "the absolute weight of a volume of pure water equal to the cube of the hundredth part of a metre [1 cm 3 ], and at the temperature of melting ice ", [2] the ...
A grain is a unit of measurement of mass, and in the troy weight, avoirdupois, and apothecaries' systems, equal to exactly 1/7000 of a pound. It is nominally based upon the mass of a single ideal seed of a cereal. From the Bronze Age into the Renaissance, the average masses of wheat and barley grains were part of the legal definitions of units ...
Such scales are used to make the most accurate of fine measurements, such as in the needs of empirical chemistry. Avoirdupois ( / ˌævərdəˈpɔɪz, ˌævwɑːrdjuːˈpwɑː /; [1] abbreviated avdp.) [2] is a measurement system of weights that uses pounds and ounces as units. [3] [4] It was first commonly used in the 13th century AD and was ...
Additionally, the kilobar, weighing 1,000 grams (32.15 troy ounces), and the 100-troy-ounce (109.7-ounce; 6.9-pound; 3.1-kilogram) gold bar are popular for trading and investment due to their more manageable size and weight. These bars carry a minimal premium over the spot price of gold, facilitating small transfers between banks and traders ...
SI units. 1.555174 g. A pennyweight ( dwt) is a unit of mass equal to 24 grains, 1⁄20 of a troy ounce, 1⁄240 of a troy pound, approximately 0.054857 avoirdupois ounce [1] and exactly 1.55517384 grams. [2] It is abbreviated dwt, d standing for denarius – (an ancient Roman coin), and later used as the symbol of an old British penny (see £sd ).
The dram (alternative British spelling drachm; apothecary symbol ʒ or ℨ; [a] abbreviated dr) [4] [5] : C-6–C-7 [6] is a unit of mass in the avoirdupois system, and both a unit of mass and a unit of volume in the apothecaries' system. [5] It was originally both a coin and a weight in ancient Greece. [7] The unit of volume is more correctly ...
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