An ounce, abbreviated as Oz, is an international unit of measurement with a quantity of 28.34 grams (exactly 28.3495231).
The ounce originated in England around 1185 and is one of the most widely used units of measurement in the world . There are currently five different types of ounces worldwide:
- International troy ounce: used to measure the mass of metals such as gold and silver. This unit is abbreviated as ozt and is equivalent to 31.1034768 grams.
- International ounce (avoirdupois): most commonly used in the US and a standard unit of weight and measurement. It is abbreviated as oz and is exactly equal to 28.349523125 grams.
- Maria Theresa Ounce: used in European countries and introduced in Ethiopia as an ounce with an equivalent mass of 28.0668 g.
- Pharmaceutical ounce: abbreviated as ℥ or U+2125, equivalent to troy ounce, was used by pharmaceutical manufacturers; however, it has been abolished today because this unit is also equivalent to troy ounce and can be used as a substitute.
- Metric ounce: Used to measure distance, with 1 ounce = 100 grams.
How many taels, mace, and kilograms are equal to one ounce?
The ounce is a unit of measurement that has been used from ancient times to the present day. (Illustrative image)
1 ounce (of precious metal) = 31.1034768 grams
Meanwhile:
1 chỉ (unit of weight) of gold = 0.1 lượng (unit of weight) of gold = 3.75 grams
10 chỉ = 1 lượng of gold = 1 cây of gold = 37.5 grams.
1 ounce of gold = 8.29426 taels of gold = 0.829426 ounces of gold = 0.829426 taels of gold
Things to note when buying gold measured in ounces.
If you're buying gold for jewelry or as a gift, you might not need to worry about the concept of an ounce of gold. However, if you're investing in the gold market, this is a crucial concept. To get the best exchange rate for gold, buyers should consider the following:
- Gold prices in various countries are constantly fluctuating and influenced by the global gold market. Therefore, buyers need to regularly monitor exchange rates on news websites or at gold and silver shops to obtain accurate conversion values.
- It is necessary to know the distinguishing features of real and fake gold, such as friction, hardness, softness, and color, to avoid risks.
- It is advisable to buy gold from large, reputable stores that provide complete documentation regarding origin, unique markings, and relevant certification papers to avoid buying low-quality gold and to receive the most accurate exchange rate in ounces.
- It is advisable to convert the number of ounces of gold into units such as taels of gold, ounces of gold, or gold bars to make estimations easier and to make appropriate decisions.
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