Buy A Troy Ounce Of Gold

Buy A Troy Ounce Of Gold

Various units of measurements are used to determine the weight of the gold. You can buy gold coins in karats in most countries. Some nations use units such as troy ounce, pennyweight, tola, and more to determine the weight of gold. It is a common belief that the value of gold is worth hundred times its weight. Though the unit "grams" is commonly used to measure coins, each country has its own measurement system.Purchasing Gold Coins online is really a risky business. Make sure you check the quality of the items you wish to purchase.One of the best and the safest ways to invest money is to buy gold and Diamond jewelry

troy ounceDo you know that gold and other precious metals are weighed in troy ounces in most countries? Abbreviated as t oz, it is one of the units of measurement that we have been using since the medieval ages. Technically speaking, a troy ounce is equal to 31.1034768 grams or 480 troy grains. Therefore, when you buy a troy ounce of gold, you get more than an avoirdupois ounce. (The unit used for measuring groceries and other stuff). Troy ounce was first used in Troyes, to measure the weight of precious metals. In Scotland, the measuring unit is based on multiples of 16. When you buy a troy ounce of gold in Scotland, you get 16 drops of gold. The Dutch measuring system calculates one troy ounce as 3798 grains.

Another common measuring unit used to determine the weight of gold is pennyweight (dwt). Generally used by gold dealers, a pennyweight is equal to 24 troy grains or 1.55517384 grams. This unit of measurement is also used by dentists while making tooth crown inlays.

Traditionally, gold coins in India are measured in tolas. Though this unit has been in use for a very long time, it was standardized in 1833. Basically a Vedic measure, tola was used as a unit of mass used under the British Indian system of measurements. You can also buy gold coins in tolas in Nepal, Pakistan, Singapore, and Bangladesh. One tola of gold equals 180 troy grains or 11.6638038 grams.

The most commonly used gold measurement unit is carat. Another unit that is confused with this unit is Karat. The former is a weight measuring unit, while the later denotes the purity level, and should not be confused with each other. One carat (ct) of gold coin has 0.20 grams of gold. Gold coin rates depend on the purity values such as 18kt, 22kt and 24kt. This term indicates the percentage of gold and other metals used while making the gold coin.

To sum it up:
1 troy oz = 31.1 grams.
1 tola = 11.664 grams
1 carat = 0.20 grams

Caratlane is a huge online store that offers the lowest 24 karat gold price in India. You can buy gold coins in a range of designs and budget levels at this e-store. This e-store provides free shipping facility and your product will be delivered within a few working days. Apart from it, this e-store even offers easy payment options for credit card holders. What more do you want?

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