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troy ounce
noun
A former unit of mass equal to 480 grains or 1/12th of a troy pound
synonyms
Exact(60)
A troy ounce is 31.1 grams, or 1.1 ounces.
There are 31 grams in a troy ounce.
The fixing was finally set at $363.25 a troy ounce.
Gold gained $22.53, to settle at $912.85 a troy ounce.
By March gold futures contracts had reached $1,000 per troy ounce.
It peaked in price in 1980 at $850 a troy ounce.
Before Christmas, a troy ounce could be bought for around $800.
The news sent the price of gold to another high, approaching $1,100 a troy ounce.
By 1983 a troy ounce cost just over $11, these days half as much.
Gold closed in Hong Kong at a bid of $345.30 a troy ounce, down from $345.63.
Earlier, gold soared to a late bid of $352 a troy ounce in London and Zurich.
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