How much gold is in an ounce?
Gold is always measured in Troy Oz. 1 troy ounce = 31.1034768 grams
If anyone ever tries do a gold transaction with you in anything other than grams or troy ounces we vary wary. Using pennyweights, grains, diamond weights or anything else is a big warning sign that this person might be up to no good.
For details on how gold is weighed, hall marks and ways to avoid getting ripped off check out our FAQ page: http://urbangoldmine.co.uk/FAQ.php
A typical large gold coin (see image to the right) is an ounce of pure gold. Gold Jewlery is generally fairly thin and delicate and so even a fairly large amount of it doesn’t weigh very much. But with an ounce of gold being worth over $800 right now, you don’t need to have much gold for it to be worth trading in. Pure gold jewelry is fairly rare. Most gold jewlery consists of gold mixed with other elements. We buy your gold items based only on the gold content. Since 24 karat gold is pure gold, 12 karat is half gold, 18 karat is 3/4 gold, and so on. So if you had an ounce of 12 karat gold, we would pay you for 1/2 ounce of gold.
