Glossary
Troy ounce: meaning, example and why it matters
The unit in which gold is priced internationally: about 31.1 grams. Indian prices are usually quoted per 10 grams, so converting needs the troy-ounce weight and the USD/INR rate.
Worked example
At $2,000 per troy ounce, one gram costs 2,000 ÷ 31.1035 = about $64.30. A 10 gram quantity is 10 ÷ 31.1035 = 0.3215 troy ounce, or about $643. The price is illustrative.
Illustrative numbers for explanation only. They are not market data, a forecast or a suggestion.
Why it matters
International gold prices use the troy ounce, so converting is needed to compare them with prices quoted per gram or per 10 grams.
Related terms
See it in practice
Frequently asked questions
How many grams are in a troy ounce?
About 31.1035 grams.
Is this page investment advice?
No. Troy ounce is explained in general terms with illustrative numbers. Market Dekho is not a SEBI-registered Research Analyst or Investment Adviser.
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Educational content, not investment advice. Market Dekho is not a SEBI-registered Research Analyst or Investment Adviser. Spotted a mistake? Email marketdekho01@gmail.com.