Sunday, December 18, 2005

Gold measuring

Gold measuring

Since gold is real money it doesn’t really have a price but more of an exchange rate with other currencies.

Gold measuring is usually done from 2 points of view:

Purity and Weight


The purity of gold articles may be described in three ways:

Karat, meaning parts of gold per 24.

Percent, meaning parts of gold per 100 .

Fineness, meaning parts of gold per 1,000 (European System) .

Gold measuring


The most widely known and used measure unit for gold is the troy ounce. A troy ounce (480 grains) is 31.1034768 grams.

There are many other types of weight systems:

Grams and kilograms (metric system) , tolas , teals and baht.

Gold measuring



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