Troy Ounce Of Silver

Weighing Precious metals

When speaking about precious metals like silver, gold, etc. it is more common to find the usage of the troy ounce instead of the common avoirdupois ounce. The latter is used in groceries for measuring sugar, rice and so on. All commodity market quote the troy ounce silver price in the trader’s online websites. A troy ounce is equal to 31.1034768 grams, whereas the avoirdupois ounce is equivalent to 28.349523125 grams. In terms of grains, 1 troy ounce silver is the equivalent of 48- grains, whereas the ordinary ounce is equal to 437.5 grains. To put it briefly, one troy ounce of silver value is 9.7% heavier than the common or avoirdupois ounce.

The Troy System of Weights

The troy ounce silver measurement is derived from the troy system of weights, which is believed to be named after the city of Troy, which is in France. The metric system uses grams, kilograms and so on and you may sometimes need to convert an ounce or a troy ounce of silver into grams. The common pound or the avoirdupois pound contains 16 ordinary ounces, and if you are converting the ordinary ounce into grams, you need to multiply the number of ounces with 28.35. This will give you the weight of the silver in grams. However, the weights of silver is usually mentioned in troy ounces, and this can be converted into grams, by multiplying the troy ounce weight with 31.10 in order to obtain the weight in grams.

Alternative method of conversion

Another method of converting the troy ounce into grams is by dividing the value of 1 troy ounce silver by 0.322. In case of the avoirdupois ounce, the value has to be divided by 0.353. In earlier times in Britain, troy pound silver was equal to the value of a British pound sterling.

It is quite easy to find the current 1 troy pound silver value in terms of the US dollar. You need to look for the spot prices of silver in the commodity market websites, and the price is usually provided for troy ounce and not the common ounce. As there are 12 troy ounces in a troy pound, you will need to multiply the value given by 12 in order to get the value for one troy pound. Multiply this amount with the current price for the silver troy ounce and you will get the value of one troy pound of silver.


Want more information about gold and other precious metals? Visit our guide to Precious Metal.



Troy Ounce Of Silver

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