How To Use Troy ounce In A Sentence
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One ton of ore contains 29, 167 troy ounces and so use of an assay ton makes the math easy.
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The specimen is estimated to contain 298 troy ounces of gold!
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Gold bullion coins are usually sold as one troy ounce or in fractions of an ounce.
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That is an average grade of 2.35 troy ounces per ton!
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My personal estimate is that this might price monetary-reserve gold at somewhere between US $800 and US $1,000 a troy ounce; I may be underestimating the price, but the estimate illustrates the point.
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I should say that troy ounces are a measure used only for precious metals.
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The weight of gold is measured in Troy, with one Troy ounce of gold equivalent to 480 grains of wheat.
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This week in Asian trading it briefly surpassed $500 a troy ounce - a level last breached in 1987.
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The yellow metal was down $1.70 at $1,333.60 per troy ounce from the New York close on Tuesday.
Asia Falls on China Rate Move
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Gold had a glittering year, up nearly 6% to $452.85 a troy ounce at the end of November, as investors frightened by the dollar's slide scrambled to secure this so-called safe haven.
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Gold is measured using troy weights (as opposed to the more familiar avoirdupois weights): 24 grains make a pennyweight, and 20 pennyweights make a 31.1-gram troy ounce.
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Each coin is of face value Dram 25 and contains 1 troy ounce (31.1 gr.) of 9990 pure fine silver with diameter 38 mm.
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It soared to a 16-year high last week of $452 per troy ounce as the dollar fell further.
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Spot gold was down $2.20 at $1,379 per troy ounce from the New York close on Thursday.
Asian Shares Mostly Down, But Shanghai Up Again
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Weighing only 5 1/2 troy ounces, its body is formed of sterling silver wire that was apparently coiled around a form.
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Palladium silver, used in the manufacture of tantalum capacitors, has rocketed to over $1000 per troy ounce and the cost of tantalum powder has also risen considerably.
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On the first sale he got £261.20 per Troy ounce for 50 tonnes and then in late September another 25 tonnes netted £255.75.
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They are shares that move in line with the gold price; a share is equivalent to a tenth of a troy ounce of gold.
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It is stated by Sir J. Chardin, that the plate of the king of Persia is of pure gold, originally made by Shah Abbas, the most glorious of the princes of the Sefi royal family; who, for this purpose, melted seven thousand two hundred marks, or nearly thirty six thousand English troy ounces of _the purest gold_.
Female Scripture Biographies, Volume I
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They are shares that move in line with the gold price; a share is equivalent to a tenth of a troy ounce of gold.
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Dealers say that a gold nugget of 1 troy ounce is about as rare as a 5-carat diamond.
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Also available from Monex is the 32.15 troy ounce gold "kilobar" ... a one kilogram bar of fine gold bullion of at least .999 purity.
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Spot gold was down $8.90 at $1,360.0 per troy ounce from the New York close on Friday.
Asia Falls; Commodities Slide
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We may be talking about a $1,000 a troy ounce, potential reserve today, or maybe more.
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One troy pound weighs 373.25 g and is subdivided into troy ounces, pennyweight and grains (gr, 24 in a pennyweight).
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It weighs only fourteen troy ounces (as opposed to thirty-three) and is of much lighter construction.
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This is sold as bars, or wafers, and is sold by weight starting at one gramme and going up to 400 troy ounces.
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Despite its rather insubstantial construction, the basket weighs thirty troy ounces and presages the simple elegance of the neoclassical style.
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Large masses of native gold - up to many hundreds of troy ounces - have been encountered during mining.
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Spot gold was down $3 at $1,343.10 per troy ounce from the New York close Wednesday.
Asia Mixed; Banks Down in Shanghai
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The humidor, which is finely worked to represent a medieval strap-work treasure chest, contains more than 150 troy ounces of silver.
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Stocks were valued at the official price of $42.22 per troy ounce.
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If so, it would be a blow to investor hopes that gold might return to, or surpass, its 1980 record of $860 a troy ounce.
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Gold is measured using troy weights (as opposed to the more familiar avoirdupois weights): 24 grains make a pennyweight, and 20 pennyweights make a 31.1-gram troy ounce.
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One troy pound weighs 373.25 g and is subdivided into troy ounces, pennyweight and grains (gr, 24 in a pennyweight).
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It all began in 1899 when a twenty-year-old Harvard student from St. Louis named Dwight Filley Davis in a moment of ecstasy asked a Boston silversmith to shape 217 troy ounces of silver into a punchbowl.