The weight of a troy ounce of gold is precisely 31.1034768 grams. This standardized measurement is crucial in the precious metals industry, providing a consistent basis for trading and valuation. For context, a regular avoirdupois ounce, commonly used for everyday items, weighs approximately 28.35 grams, making the troy ounce measurably heavier.
The adoption of the troy ounce for precious metals offers several advantages. It ensures uniformity in transactions worldwide, facilitating transparent pricing and reducing the potential for discrepancies. Historically, the troy weight system has been integral to maintaining fairness and accuracy in the gold market, influencing investment decisions and economic stability.