When thinking about selling scrap gold, it is easy to get confused as to how much your gold is worth when measuring in ounces. This post should go a little way into clearing up any confusion which may arise.
Gold is quoted on the open market in terms of the price per troy ounce.
31.1 grams (g) is equivalent to 1 troy ounce (ozt)
If you put 31.1 grams of gold on a set of kitchen scales however, you will find that the scales say you have 1.1 ounces of gold.
This is beacuse kitchen scales use a different conversion called avoirdupois ounces whereby only 28.35 grams make an ounce.
If ever you buy or sell gold jewellery, and a jeweller talks about ounces, then they will be talking about troy ounces (31.1 grams).
FalkosGold deal in grams and quote customers in grams. This way, there is no cause for confusion between us and our customers.
Other variant is possible also