Answer
Jan 30, 2025 - 10:48 AM
"1 oz" stands for 1 troy ounce, a unit of weight commonly used for precious metals like gold and silver. One troy ounce equals 31.1035 grams, which is slightly heavier than a standard ounce (28.35 grams) used for everyday measurements. The troy ounce has been the industry standard for bullion and coin trading for centuries, ensuring consistency in weight and value across global markets. check out this blogpost for more information: https://bullionexchanges.com/blog/how...
