What do you know about the ounce of gold unit?

Ounce, abbreviated Oz, is an international unit of measurement with a quantity of 28.34 grams (exactly 28.3495231).

Ounce appeared in England in 1185, is one of the most widely used units of measurement in the world. There are currently 5 different types of ounce units in the world, which are:

- International troy ounce: used to measure the mass of gold and silver metals. This unit has the abbreviation ozt, equivalent to 31.1034768 grams.

- International avoirdupois ounce: most used in the United States and is the common unit of measurement. It is abbreviated as oz and is exactly 28.349523125 grams.

- Maria Theresa Ounce: used in European countries and is the ounce form introduced in Ethiopia with an equivalent mass of 28.0668 g.

- Pharmaceutical ounce: abbreviated as ℥ or U+2125 equivalent to troy ounce and used by pharmaceutical manufacturers, however today it has been abolished because this ounce unit is also equivalent to troy ounce so it can be used instead.

- Metric ounces: Used to measure distance with 1 ounces = 100 grams.

How many taels, ounces, kilograms is an ounce?

Ounce is a unit of measurement used from ancient times to the present. (Illustration)

1 ounce (precious metal) = 31.1034768 grams

Meanwhile:

1 tael of gold = 0.1 ounce of gold = 3.75 grams

10 chi = 1 tael of gold = 1 tael of gold = 37.5 grams.

1 ounce of gold = 8.29426 taels of gold = 0.829426 taels of gold = 0.829426 taels of gold

Things to note when buying gold in ounces

If you are buying gold for jewelry or as a gift, you may not need to worry about the concept of an ounce of gold. However, if you are investing in the gold market, this is an important concept. To get the best conversion value for gold, buyers should pay attention to the following issues:

- Gold exchange rates in countries are always fluctuating and are affected by the world gold market. Therefore, buyers need to regularly monitor exchange rates on news sites or at gold and silver stores to receive accurate conversion values.

.- You need to clearly understand the signs of real gold and fake gold such as friction, hardness, softness, color of gold... to avoid risks.

- You should buy gold at large, reputable stores that sell with full documents on origin, private symbols, and related inspection documents to avoid buying poor quality gold and receive the most accurate conversion value in ounces.

- You should convert the number of ounces of gold into units of gold, gold taels, and gold bars to easily estimate and make appropriate decisions.

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