Posted by byHillTribe on May 4, 2012

How much is a one pound of copper?

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Real time Copper price quoted by Kitco.com represents 1 Pound of Copper in US Dollars. 1 pound = 453.59237 grams

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Posted by byHillTribe on May 4, 2012

Why is troy ounce more than “ounce”?

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Precious metals such as gold and silver are often sold by the troy ounce. Many people don’t realize that an ounce of gold (and other precious metals) is weighed in a different weighing system called “troy weights”. A troy ounce is more than the typical ounce found at the grocery store.

In many English speaking countries there are two systems for measuring weight.

One, for precious metals, called the troy ounce. The other is for Commodities such as sugar, grains, and the typical grocery items. It is called the avoirdupois ounce.

Avoirdupois weights

The US often use the avoirdupois ounce for everyday weighing. Every time you step on the scale at home, or weight food found in the grocery, you use the avoirdupois ounce weight system. There are 16 avoirdupois ounces in a pound.

1 avoirdupois ounce = 28.35 grams. 1 avoirdupois pound contains 16 (avoirdupois) ounces. This makes an Avoirdupois pound equal to about 453.6 grams, or the equivalent of 14.583 “troy ounces”.

Troy Ounce
The troy ounce is heavier than the typical grocery store (avoirdupois) ounce used in the USA. When you purchase a 1 ounce silver or gold coin, you are receiving a “troy” ounce or 31.1 grams which weighs 10% more than the avoirdupois ounce many are familiar with.

A troy ounce is equivalent to about 31.1 grams.

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Posted by byHillTribe on May 4, 2012

Gold price per Kilogram in US Dollars

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Real time price quote provided by Kitco.com and represents current price of 1 Kilogram of Gold in US dollars. Boy, we wish we had a Kilo of Gold today!

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Posted by byHillTribe on May 4, 2012

Gold price per ounce in US Dollars

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[Most Recent Quotes from www.kitco.com]

Real time price quote provided by Kitco.com. Price quoted in US Dollars represents price of 1 Troy ounce of Gold on the commodities exchange. NOTE: 1 troy ounce = 31.1034768 grams

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Posted by byHillTribe on May 4, 2012

Silver price per ounce in US Dollars

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[Most Recent Quotes from www.kitco.com]
Provided by Kitco.com. Hill tribe silver is calculated based on Kilograms but this chart is provided for reference as it is more familiar to many. Please remember that silver is quoted using “Troy Ounce” which is calculate 1 troy ounce = 31.1034768 grams

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