Home -
FAQ - Rates - You list prices for precious metals in terms of ounces. Are those Troy ounces or Avoirdupois ounces?
Advertisement
XE Currency FAQ
XE FAQ
14. You list prices for precious metals in terms of ounces. Are those Troy ounces or Avoirdupois ounces?
Answer:
Troy Ounces. Troy Ounces are the standard of measure for precious metals and gemstones all around the world. Avoirdupois ounces are used for pretty much everything else, and are the "normal" ounces with which most people are familiar.