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The troy ounce (oz t) is a unit of imperial measure, now commonly only used for the mass (weight, in common parlance) of precious metals. One troy ounce is now defined as exactly 31.1034768 g. The troy ounce is about 10% heavier (ratio 192/175) than the avoirdupois ounce which equals 28.349523125 g.
One troy ounce is equal to 31.1034768 grams. A troy ounce of gold is about 10% heavier than a avoirdupois ounce which is used in the United States. 1 troy ounce of gold is equal to 1.097142857143 avoirdupois ounces of gold. The gold price per ounce displayed on goldprice.org is the price of gold per troy ounce of gold. There is 32.1507 troy ounces of gold in a kilo of gold. There is 12 troy ounces of gold in a troy pound of gold. The ISO 4217 currency code for one troy ounce of gold is XAU.