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Gold Information Network
The Gold Bullion Division of
Austin Rare Coins, Inc.
10800 Pecan Park Blvd.
Austin, Texas 78750

Commonly Used Gold Weights

(based on troy ounces)

The traditional unit of weight for gold is the troy ounce of the Anglo-Saxon system of weights and measures. Despite the gradual conversion to the metric system, the troy ounce remains a traditional fixture of the gold trade and the most important basis for expressing quotations on a majority of the leading gold markets.

1 troy ounce = 31.1034807 grams

1 troy ounce = 480 grains

1 troy ounce = 20 pennyweights

3.75 troy ounces = 10 tolas (Indian sub-continent)

6.02 troy ounces = 5 taels (Chinese)

32.15 troy ounces = 1 kilogram

32,150 troy ounces = 1 metric ton (1,000 kilos)