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What is the difference between an ounce and a troy ounce of gold? A single standard ounce equates to approximately 28.349 grams. This is used as a measure for almost all common commodities. However, #gold is not a common commodity! Therefore, we measure the price of gold and other precious metals in troy ounces. One single troy ounce weighs about 31.103 grams. Approximately 31.1035 grams of 24 karat #puregold makes up one troy ounce. A kilogram consists of 32.15 troy ounces. France created this
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